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American Manufacturing Surges to Four-Year High as Factory Activity Expands

The White House announced on April 22, 2026, that the Institute for Supply Management's key manufacturing index registered its third consecutive month of expansion at its highest reading since 2022. Major companies announced significant U.S. manufacturing investments including U.S. Steel restarting its Gary Tin Mill in Indiana (225 jobs), Apple committing $600 billion over four years, Nvidia pledging $500 billion for AI chip production, and Johnson & Johnson investing $55 billion in new U.S. manufacturing. Foreign pharmaceutical companies AstraZeneca ($50 billion), Bristol Myers Squibb ($40 billion), and GSK ($30 billion) also announced major U.S. manufacturing expansions.

Section 337 Semiconductor Investigation - GlobalFoundries v. Tower Semiconductor Entities

The U.S. International Trade Commission has received a Section 337 complaint filed by GlobalFoundries U.S. Inc. against Tower Semiconductor Ltd. (Israel), Tower Partners Semiconductor Co., Ltd. (Japan), Tower Semiconductor Italy S.R.L., and four U.S. subsidiaries, alleging violations of 19 U.S.C. 1337 regarding imported semiconductor devices. The Commission is soliciting public comments on public interest factors before determining whether to issue limited exclusion orders and cease and desist orders.

CCS Clears GlobalFoundries Acquisition of Advanced Micro Foundry

The Competition and Consumer Commission of Singapore (CCS) has cleared the completed acquisition of Advanced Micro Foundry Pte. Ltd. (AMF) by GLOBALFOUNDRIES Singapore Pte. Ltd., finding no substantial lessening of competition in the market for foundry services for pluggable transceivers in Singapore. CCS assessed that the parties are not the closest competitors, several viable alternative suppliers exist, and the combined market share remains low.