Trump to Host Tech and Auto Giants at White House, Highlighting AI and Manufacturing Investments

Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota

WASHINGTON, April 28 (Reuters) - CEOs and other executives from Nvidia (NVDA.O), opens new tab, Johnson & Johnson (JNJ.N), opens new tab, Toyota Motor (7203.T), opens new tab, Eli Lilly (LLY.N), opens new tab and SoftBank Group (9984.T), opens new tab are among the more than two-dozen senior business leaders slated to visit the White House on Wednesday as part of an event highlighting U.S. investments, officials told Reuters. President Donald Trump plans to promote a broad range of investments in the United States in defense, tech, healthcare and consumer products industries and investment funds marking his first 100 days in office, a White House official told Reuters, confirming a Bloomberg News report. Trump has sought to tout new investments despite concerns about new tariffs from major U.S. businesses. Airlines, aerospace firms, automakers and retailers have expressed worries about the impact of tariffs on U.S. manufacturing and sales. Some major companies have said they want more details on trade and other government regulations before committing to new investments. Trump has said General Motors (GM.N), opens new tab is considering a new $60 billion investment in the United States. "I need clarity, and then I need consistency," GM CEO Mary Barra said at a Semafor forum last week. "To make those investments and to be good stewards of our owner's capital, I need to understand what the policy is." Trump has said he is considering granting automakers some relief from new auto tariffs. Trump in January announced a private-sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outpace rival nations in the business-critical technology. That is expected to include ChatGPT's creator OpenAI, SoftBank and Oracle (ORCL.N), opens new tab. Last month, South Korea's Hyundai Motor (005380.KS), opens new tab announced a $21 billion investment in the United States at the White House, including a new $5.8 billion Hyundai Steel (004020.KS), opens new tab plant in Louisiana that will produce over 2.7 million metric tons of steel annually, creating more than 1,400 jobs. Reporting by David Shepardson and Jasper Ward in Washington Editing by Matthew Lewis Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Autos & TransportationEmployee HealthADAS, AV & SafetyPartnerships & M&ASoftware-Defined Vehicle

Nvidia, Johnson & Johnson, Hyundai, Toyota, SoftBank CEOs To Join Trump At White House As He Touts Investment Surge In First 100 Days: Report - Johnson & Johnson (NYSE:JNJ), Hyundai Motor (OTC:HYMTF)

To commemorate his first 100 days back in office, President Donald Trump will host more than two dozen top executives and CEO's at the White House this week to highlight a range of investments from some of the biggest companies in the world. What Happened: Leaders from NVIDIA Corp NVDA, Johnson & Johnson JNJ, Hyundai Motor HYMTF, Toyota Motor Corp TM, and SoftBank Group SFTBF are expected to be present at the "Investing in America" event on Wednesday, according to White House officials who spoke to Reuters. Trump intends to showcase recent investments in sectors like healthcare, defense, artificial intelligence, and consumer goods. In January, Trump announced a private-sector pledge of up to $500 billion toward AI infrastructure with support from OpenAI, SoftBank, and Oracle. See Also: Want a Trade Deal? Keep Trump Happy, Goldman Sachs Reportedly Tells Countries Why It Matters: The event comes amid rising concerns from industries dealing with tariff-induced disturbances. While Trump repeatedly called on global companies to expand U.S. operations, automakers and manufacturers have expressed concerns over policy clarity and regulatory consistency. "I need clarity, and then I need consistency," said GM CEO Mary Barra last week, according to Reuters. Despite the ambiguity, recent investments -- like Hyundai's $21 billion U.S. commitment and a new $5.8 billion steel plant in Louisiana -- are being presented as proof of economic optimism. According to Reuters, White House spokesperson Kush Desai said, "Trillions in historic investment commitments since President Trump was elected from industry leaders including TSMC, Apple, and Roche demonstrate resounding confidence in the U.S. economy and dollar under this administration." Still, with many companies waiting for more definitive trade policies before planning expansions, Trump's pitch this week will show how far investor confidence can hold amid the changing landscape. Read Next: Trump Says 'I Run The Country And The World,' Yet Polls Plummet Image Via Shutterstock HYMTFHyundai Motor Co$50.00-%OverviewJNJJohnson & Johnson$155.18-0.11%NVDANVIDIA Corp$108.66-0.06%SFTBFSoftBank Group Corp$48.98-%TMToyota Motor Corp$195.000.97%Got Questions? AskWhich healthcare stocks will benefit from Trump's focus?How could AI investments impact tech companies?Will automakers adapt to new trade policies?Which manufacturing firms are poised for growth?How might SoftBank leverage this investment surge?What opportunities exist for Nvidia in AI?Could Hyundai gain market share with U.S. expansions?How will tariff concerns affect global supply chains?Which companies will thrive under Trump's policies?Are consumer goods companies set for a rebound?Powered ByMarket News and Data brought to you by Benzinga APIs