PROJECT PIPELINE
value above $25m – is marginally skewed towards early-stage projects, with 52.7% of the pipeline value being in projects in the pre-planning and planning stages, as of June 2026. The largest project in the pipeline is the $100bn
Clay Semiconductor Fabrication Facility project, which involves the construction of a mega fabrication campus on a 557ha site. The project includes the construction of production units and assembly units.
Also in the pipeline is the $37bn Taylor Semiconductor Chip Fabrication Plant project, which involves the construction of a 650,321m2 manufacturing plant on 259ha of land. It includes the construction of two new advanced fabrication plants as well as a manufacturing unit.
Some of the Trump administration’s tariffs are weakening domestic US manufacturing.
by 0.6% YoY during the first four months of 2026. In addition, average mining employment recorded a 3% YoY decline over the same period. This trend is primarily attributed to recently tightened visa policies and their implications, together with immigration laws, which are further constraining the labour market. As of April 2026, the US government had at least 60,000 people in detention, while around 400,000 people had been booked into Immigration and Customs Enforcement (ICE) detention following an interior arrest. Immigrant workers largely make up the low-skilled workforce in construction and manufacturing, and these jobs are being significantly affected by such policies. Additionally, weaker industrial market sentiment, coupled with higher construction material prices and ongoing supply chain disruptions, has adversely affected overall economic and business confidence, compelling several companies to opt for voluntary exits. For instance, in early May 2026, Purdue Pharma, a local pharmaceutical company, announced a shutdown and ceased operations as part
TerraPower to develop a manufacturing facility in Pennsylvania
In March 2026, local nuclear-related service provider, TerraPower, announced its plans for the development of a manufacturing site in the Bellwether district, Pennsylvania. This project is expected to be developed over an area of 23,225.8m2
and will include
the construction of a production plant to produce actinium-225, a radioactive isotope used to develop radiation treatments for diseases like leukemia, melanoma and other cancers. It will be developed with an estimated cost of $450m.
68 Fall 2026 |
ochmagazine.com
of a bankruptcy plan amid prevailing market uncertainty. Similarly, in early May 2026, domestic manufacturer Precision Manufacturing Group of Muskegon announced bankruptcy amid persistently lower sales. In addition, in April 2026, UK-based kitchen and related products manufacturer Wren Kitchens filed for bankruptcy and halted its operations in the US due to continuing weak demand. Alongside the rise in insolvencies, some government-funded subsidy schemes have also been reduced, adversely impacting the electric vehicles (EVs) manufacturing sector. For example, in September 2025, the US government discontinued consumer credit incentives of $7,500 for new EV purchases and $4,000 for used EVs, a move that has dampened EV demand across the country. This weakening demand is evident in the recent production cuts and strategic withdrawals announced by automobile companies operating in the US EV market. For example, in March 2026, Japanese automaker Honda cancelled its three new EV cars in the US. Likewise, in April 2026, German carmaker Volkswagen announced that it would discontinue the production of its EVs in the US. Finally, the country is also facing challenges
in strengthening its export capabilities and is contending with a widening trade deficit. According to the US Census Bureau, the trade deficit in the country increased by 4.4% month on month (MoM) in March 2026 to $60.3bn, compared to $57.8bn recorded in February and $54.7bn in January 2026.
Project analytics The industrial construction projects pipeline in the US, as tracked by GlobalData and including all mega projects with a value above $25m, stands at $1.3trn. The pipeline – which includes all projects from pre-planning to execution with a
Latest news and developments Construction spending in the manufacturing sector continued to decline in March 2026. According to the US Census Bureau, total construction put in place in the manufacturing sector fell by 17% YoY in March 2026, following a YoY decline of 16.7% in February and 15.4% in January 2026. Average construction spending in the manufacturing sector fell by 16.3% YoY in the first three months of 2026. In annual terms, construction spending fell by 6.6% in 2025. Industrial and manufacturing production
grew in March 2026. According to the Federal Reserve, the industrial production index grew marginally by 0.9% YoY in March 2026, following YoY growth of 1.4% in February and 1.6% in January 2026. Similarly, the manufacturing production index grew marginally by 0.7% YoY in March 2026, following YoY growth of 1.3% in February and 2.2% in January 2026. Overall, the average industrial production index rose by 1.3% YoY in the first three months of 2026, increasing from 101.3 in January–March 2025 to 102.6 in January–March 2026. Similarly, the average manufacturing production index grew by 1.4% YoY in the first three months of 2025, rising from 96.7 to 98 during the same period. Exports continued to rise in March 2026.
According to the US Census Bureau, the total value of goods exported rose by 13.3% YoY in March 2026, preceded by YoY growth of 12.1% in February and 10.4% in January 2026. Meanwhile, the average value of goods exported rose by 12% YoY in the first three months of 2026, increasing from $279.2bn in January–March 2025 to $312.6bn in January–March 2026. Annually, it grew by 6.1% in 2025. New manufacturing orders increased in March 2026. According to the US Census Bureau, the value of new manufacturing orders grew by 2.1% YoY in March 2026, following YoY growths of 4% in February and 4.2% in January 2026. The average value of new manufacturing orders rose by 3.4% YoY in the first three months of 2026, increasing from $603bn in January–March 2025 to $623.7bn in January–March 2026. This was preceded by annual growth of 4% in 2025.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91
