Electronics component maker Jabil is betting on surging infrastructure demand for AI data centers throughout the U.S.
Jabil (NYSE: JBL) said on Tuesday that it’s investing $500 million over the next several years to expand its cloud and artificial intelligence data center infrastructure for its customers.
The investment includes large-scale production facilities, capital investments and workforce development. Jabil plans to build the facility in the Southeast U.S. and be operational by mid-2026.
“This initiative is a key element of our long-term strategy to diversify our commercial portfolio and strengthen Jabil’s presence in the U.S.,” CEO Mike Dastoor said in a news release. “While the geopolitical landscape remains dynamic, our position as a U.S.-based company with a significant domestic footprint enables us to help the world’s leading brands navigate challenges.”
Based in St. Petersburg, Florida, Jabil is a global manufacturing and supply chain solutions company.
Jabil’s customers include major brands in logistics, packaging, mobility, automotive, wearables, aerospace, enterprise, digital home, point-of-sale, printing and energy. Some of the company’s largest clients include Apple, UPS and Amazon.
Related: Tech giant Foxconn creating 600 jobs with $450M Houston investment
Jabil has 30 facilities across the U.S. and more than 100 worldwide, with investments in automation, robotics and process optimization.
The company’s $500 million investment follows recent announcements by tech companies Apple, Nvidia and Foxconn, to create manufacturing facilities in the U.S.
In February, Apple (Nasdaq: AAPL) announced it will invest more than $500 billion in the U.S. over the next four years, including a major facility in Houston.
Nvidia (Nasdaq: NVDA) said in April that they plan to invest $500 billion over the next four years to build AI super computers in the U.S., through partnerships with TSMC, Foxconn, Wistron, Amkor and SPIL.
Nvidia’s investments and partnerships will include a semiconductor chips facility in Arizona and AI supercomputer plant in Houston.
Taiwan-based tech company Foxconn recently said it’s investing $450 million in a 100-acre property in Houston to build an AI server manufacturing facility.
