AbbVie to invest $380 million to expand US manufacturing in Illinois

Feb 23 (Reuters) – AbbVie on Monday said it would invest $380 million to build two new active pharmaceutical ingredient manufacturing facilities at its Illinois campus, expanding its domestic production capacity for its neuroscience and obesity medicines.

The investment is part of AbbVie’s broader effort to scale up domestic manufacturing, as drugmakers are scrambling to shore up their U.S. manufacturing capacity and domestic inventory amid the Trump administration’s hefty tariffs on pharmaceutical imports into the country.

The U.S. government imposed a 100% tariff on branded drugs in October, but said it would only apply to producers who had not already broken ground on U.S. manufacturing plants.

AbbVie said the construction at the new facility in North Chicago, Illinois would begin in spring 2026, with both new facilities expected to be fully operational in 2029.

The new facilities will integrate advanced manufacturing technologies and artificial intelligence to support production of future pipeline medicines, the company said.

API production – the process of making a drug’s active chemical components – is one of the most complex steps in pharmaceutical manufacturing, the drugmaker said.

AbbVie said it plans to hire 300 people in North Chicago, including engineers, scientists, manufacturing operators and lab technicians.

In January, it committed $100 billion over the next decade to U.S.-based research and development, including an earlier $195 million expansion at the same North Chicago site to boost API production for immunology, oncology and neuroscience drugs.

AbbVie already has 11 manufacturing sites in the U.S. and is also in discussions with multiple U.S. states about potential projects and expects to announce further investments in 2026.

(Reporting by Siddhi Mahatole in Bengaluru; Editing by Maju Samuel)

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State looks to expand manufacturing training at community colleges | News

CHICAGO — As the U.S. sheds manufacturing jobs, Illinois is accepting applications for $24 million in grant funding to establish training facilities at community colleges aimed at bolstering the state’s manufacturing labor pool.

The funding is for six “manufacturing training academies” at downstate community colleges that will add to two existing academies that opened in 2024.

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Hadrian Launches Additive Manufacturing Division to Expand U.S. Defense Production Capacity

New division brings production-ready additive manufacturing capacity online in 2026

TORRANCE, Calif., Jan. 22, 2026 /PRNewswire/ — Hadrian, the advanced manufacturing company building AI-powered factories for America, today announced the launch of Hadrian Additive. This dedicated division is designed to deliver scalable, production-ready additive manufacturing capacity for the U.S. Defense Industrial Base and allied partners.

The new division expands Hadrian’s Opus factory platform to include additive manufacturing systems built for qualification, repeatability, and sustained throughput—enabling defense programs to move from validated designs into reliable, at-scale production. Initial additive manufacturing capacity is expected to come online in 2026 as part of Hadrian’s expanding U.S. factory footprint.

Hadrian Additive integrates additive manufacturing directly into the company’s existing factory model, allowing additive production to support mission-critical systems within a single, end-to-end manufacturing environment.

“America’s defense industrial base needs additive manufacturing that works in real production, not just in prototypes,” said Chris Power, Founder and CEO of Hadrian. “We’re building this capacity the same way we build our factories—engineered for qualification, throughput, and speed—so critical programs can scale when it matters most.”

The division will be led by Matthew Parker, Vice President of Additive Manufacturing at Hadrian, and will focus on meeting the reliability, quality, and traceability requirements of defense and national security programs.

“Additive manufacturing only becomes strategic when it’s industrialized,” Parker said. “Hadrian Additive is designed as a production system from day one, integrated with our factory stack and capable of scaling as demand grows.”

The launch of Hadrian Additive builds on the company’s recent factory expansions and manufacturing initiatives, further strengthening domestic production capacity for priority defense programs.

About Hadrian
Hadrian is a next-generation manufacturing company transforming the U.S. industrial base by rapidly adding domestic manufacturing capacity through its highly automated factories. By integrating process engineering, artificial intelligence, machine learning, and robotics, Hadrian strengthens American manufacturing capabilities and enables U.S. workers to compete globally.

Hadrian’s mission is to enable space and defense manufacturers to produce domestically at scale, supporting production at every level, from individual components to full-scale programs. The company currently operates three advanced manufacturing facilities totaling approximately 600,000 square feet, including two sites in Torrance, California, and a newly launched facility in Arizona. Hadrian is actively developing additional production sites across the United States. More information at https://www.hadrian.co/.

About Matthew Parker
Matthew Parker is Vice President, Additive Manufacturing at Hadrian, where he leads the company’s Additive Manufacturing business unit and the buildout of a large-scale additive manufacturing capability supporting defense and aerospace customers. He is an engineering and operations leader in industrial AM, with a track record of standing up manufacturing capacity, industrializing processes, and transitioning additive programs into repeatable production.

Prior to joining Hadrian, Parker held senior leadership roles in additive manufacturing operations and engineering, leading cross-functional teams spanning production, engineering, quality, and customer delivery. A U.S. Army veteran, he brings a mission-first perspective and an emphasis on readiness—prioritizing speed, reliability, and disciplined execution—directly aligned with scaling additive manufacturing into dependable production capacity. His background includes large-format AM deployment, process qualification, industrialization, and partnership development across industry and standards organizations to advance material and process maturity for demanding applications.

Media contact: [email protected]

SOURCE Hadrian

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NOVEON MAGNETICS COMPLETES $215 MILLION SERIES C TO EXPAND U.S. RARE EARTH MAGNET MANUFACTURING CAPACITY

Financing Round Led by One Investment Management Supports Expansion of Domestic Rare Earth Magnet Production and Facilitates Secondary Share Sale

SAN MARCOS, Texas, Jan. 19, 2026 /PRNewswire/ — Noveon Magnetics, Inc. (Noveon), a leading U.S. manufacturer of sintered rare earth permanent magnets, today announced the close of a $215 million Series C financing led by a $200 million investment from One Investment Management (OneIM). The capital will fuel significant growth of Noveon’s domestic rare earth magnet manufacturing capacity as demand accelerates across key sectors — including automotive, defense, AI, energy, and advanced manufacturing — and as the need to reshore critical U.S. supply chains becomes increasingly important. In addition, today’s Series C financing facilitates secondary sales by certain existing shareholders.

As part of the transaction, OneIM will appoint two new Series C board members.

“This financing marks a pivotal step in scaling Noveon’s production capabilities to meet rapidly growing customer demand,” said Scott Dunn, CEO of Noveon. “With the support of OneIM, we are accelerating deliveries of high-performance rare earth magnets produced entirely in the United States — scaling capacity, capability, and strengthening supply chain resiliency for our customers.”

Noveon was the first company to reshore full-scale production of sintered rare earth magnets to the United States. This investment positions Noveon to accelerate its growth trajectory by expanding capacity beyond 2,000 tons per year, enabling the company to support existing commercial partners and capture growing demand from critical industries requiring high-performance, high-quality magnetic materials.

Rare earth permanent magnets are essential to automotive systems, defense platforms, AI and data storage technologies, robotics, and advanced manufacturing applications. Noveon’s American manufacturing platform directly addresses long-standing supply chain vulnerabilities, delivering reliable, high-performance magnet solutions.

“Noveon is uniquely positioned to lead the reshoring of the rare earth magnet industry at a time when supply chain security and domestic manufacturing capacity are national priorities,” said Rajeev Misra, CEO and Co-Founder of OneIM. “The company has assembled exceptional talent and built the technical skills, operational expertise, and execution discipline required to scale U.S. rare earth magnet manufacturing. We are proud to support Noveon’s next phase of growth and I look forward to supporting the company as it builds capacity that can truly meet the moment.”

Over the last 12 months, Noveon has achieved several significant milestones, including entering into multi-year supply agreements with General Motors and ABB, forming strategic partnerships with Lynas and Solvay to help create a more resilient supply chain, and entering into a closed-loop magnet recycling initiative with LG Electronics and Kangwon Energy. These milestones have strengthened Noveon’s position as a leader in sintered NdFeB magnets and have laid the groundwork for offering a fully domestic, vertically integrated solution for rare earth magnets.

“I am incredibly proud of what our team has accomplished over the past year,” added Scott Dunn. “We look forward to building upon our strong momentum with support from our new and existing partners to deliver on our mission to reshore critical magnet production to the United States.”

Goldman Sachs & Co. LLC served as exclusive financial advisor to Noveon. 

About Noveon
Noveon is the only operational manufacturer of sintered NdFeB rare earth magnets in the United States and the first to reshore them in over 20 years. Through its proprietary EcoFlux™ technology, Noveon delivers a fully domestic, closed-loop magnet manufacturing capability that maximizes resource efficiency, allows for the beneficial use of recycled materials, and produces superior high-performance finished magnets that meet the full range of commercial and industrial demand. Noveon’s products provide a secure and resilient supply chain solution for critical applications including electric vehicles, wind turbines, robotics, motors, pumps, data storage, consumer electronics, and defense systems. Learn more at https://noveon.co/.

About OneIM
OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach and focuses on creating long-term value by working with exceptional partners and management teams. OneIM is sector agnostic and focuses on situations where it can leverage its cross-asset class expertise and capital base to achieve differentiated risk-adjusted returns. The firm was founded in 2022 and currently manages approximately $10 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York.

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Commerce, Taiwan Deal Pledges $500B to Expand US Chip Manufacturing – MeriTalk

Taiwan will commit at least $500 billion in combined direct investment and credit guarantees to expand semiconductor and advanced technology manufacturing in the United States under a new trade agreement signed Thursday. 

The U.S. Department of Commerce said that the deal aims to “drive a massive reshoring of America’s semiconductor sector” that will “strengthen U.S. economic resilience, create high-paying jobs, and bolster national security.” 

The deal would also lower tariffs on imports from Taiwan to no higher than 15% – down from the current 20% rate of “reciprocal tariffs” for most Taiwanese imports. 

“Semiconductors are vital for America’s industrial, technological, and military strength. Yet, for far too long, the Washington establishment allowed this strategic sector to move offshore, leaving the United States dependent on foreign manufacturers and brittle global supply chains,” the Commerce Department said. “The Trump Administration is committed to reversing that trend.” 

Taiwanese investment will come in two tracks: a $250 billion direct investment in building and expanding U.S. advanced semiconductors, energy, and artificial intelligence production and innovation capacity; and at least $250 billion in credit guarantees to drive investment by Taiwanese companies to support the creation and expansion of the full U.S. chips supply chain and ecosystem.  

The United States and Taiwan will also establish U.S.-based industrial parks.  

While no details were provided on what Taiwan semiconductor and technology companies will be involved, the country manufactures most of the world’s advanced chips. One company, the Taiwan Semiconductor Manufacturing Company (TSMC), is the largest semiconductor manufacturer in the world. 

TSMC, which has operations worldwide, received $6.6 billion in direct funding under the CHIPS and Science Act from the Biden administration in late 2024.  

Under the agreement signed Thursday, future U.S. semiconductor tariffs will give Taiwanese chipmakers a break if they build in the United States, allowing duty-free imports tied to new U.S. capacity. Companies could import equipment and materials up to 2.5 times their planned output tariff-free during construction, and receive a reduced rate on imports above that limit. 

In addition, Taiwanese companies that have completed U.S. chip production projects will be able to import 1.5 times their new U.S. production capacity ?without tariffs.  

Commerce’s deal follows a White House memo allowing certain advanced semiconductor exports to China and other nations, provided that the United States gets a 25% cut of those profits. 

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