Expanding production of power grid equipment in the United States by Hitachi.

Japanese electronics giant Hitachi Ltd. has announced a significant investment by its Swiss unit, Hitachi Energy Ltd., in the United States. The company plans to spend $457 million on the construction of a new transformer plant in Virginia, as part of a global expansion of its power grid infrastructure investment.

The investment is aimed at bolstering the production capacity for power grid equipment in the United States, in response to the growing power demand in the country. The increase in power demand is due to the rising number of artificial intelligence data centers in the United States.

The new transformer plant, which will be located in Virginia, is expected to create thousands of new jobs in the United States. The investment is a continuation of the global expansion of Hitachi's power grid infrastructure investment and is not related to Japan's 550-billion-dollar investments in and loans to the United States agreed in tariff negotiations.

The head of the new transformer factory in Virginia has not been publicly disclosed. The remaining amount of Hitachi's planned investment will be used to expand existing facilities.

The investment by Hitachi Energy is part of the AI promotion policy of the administration of President Donald Trump. The company's investment is a testament to the administration's commitment to promoting artificial intelligence and supporting the growth of the technology sector in the United States.

This investment is not the first time Hitachi has shown its commitment to the United States market. The company has previously invested in various projects, including the construction of a $90 million battery factory in North Carolina and a $350 million wind turbine factory in Texas.

The construction of the new transformer plant is part of Hitachi Energy's investment plan, which aims to invest over $1 billion by fiscal 2027. This investment is a strategic move by the company to strengthen its position in the United States market and to meet the growing demand for power grid equipment.

In conclusion, Hitachi Energy's investment in a new transformer plant in Virginia is a significant step towards meeting the growing power demand in the United States and supporting the growth of the technology sector. The investment is a testament to the company's commitment to the United States market and its strategic importance in Hitachi Energy's global expansion plans.