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Released May 08, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) titan Jacobs Solutions Incorporated (NYSE:J) (Dallas, Texas) is preparing for a major shift in its operations as it works on a slew of projects in the semiconductor and healthcare markets, toward which it is turning its focus. The company's backlog increasingly reflects these new priorities as it moves away from contracted work in the oil & gas and chemical-processing markets. Industrial Info is tracking more than $136 billion worth of active and planned projects across the U.S. featuring Jacobs, more than $98 billion of which is attributed to expansions to existing facilities.
Click on the image at right for a graph detailing the top 10 parent companies for active and planned projects featuring Jacobs.
Nearly $80 billion of the total spending is attributed to just a handful of projects related to the development of semiconductors, including three of the leading manufacturers in the industry: Intel Corporation (NASDAQ:INTC) (Santa Clara, California), Samsung Group (Suwon-si, South Korea) and Texas Instruments Incorporated (NASDAQ:TXN) (Dallas, Texas). Two are expected to finish construction later this year: Intel's $30 million expansion of its chip-manufacturing plant in Chandler, Arizona, and $10 million construction of a chip-manufacturing plant in Taylor, Texas. Development of this sector was boosted significantly by the CHIPS Act of 2022, which was passed by Congress to make the U.S. more competitive and self-reliant in the semiconductor market.
Samsung's project is the first phase of a $25 billion effort, running at least through 2028, to build out a complex in Taylor that will cater to the growing market for artificial intelligence, among other end uses. Texas Instruments is weighing its options for a proposed expansion to a wafer-fabrication plant in Lehi, Utah, which received funding from the CHIPS Act. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed reports on the projects from Intel, Samsung and Texas Instruments.
The semiconductor projects are part of Jacobs' shift to "critical infrastructure," following the planned divestment of its energy, chemicals and resources businesses. Jacobs plans to strengthen its role in contracted government services by spinning off its Critical Mission Solutions (CMS) and Cyber & Intelligence businesses and merging them with Amentum Services Incorporated (Chantilly, Virginia) into a new, publicly traded company. The deal is expected to be finalized later this year.
But Jacobs still is at work on several high-value energy projects, including two major gas-development projects in Alaska's North Slope region, both of which are intended to support liquefied natural gas (LNG) developments in years to come. Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) hired Jacobs to manage the engineering for the $12 billion expansion of its Point Thomson Oil & Gas Production Unit in Prudhoe Bay, which could begin as early as first-quarter 2025 and add up to 1.1 billion cubic feet per day of production.
Similarly, Jacobs is attached to Hilcorp Energy Company's (Houston, Texas) $6 billion addition to its Central Natural Gas Production Facility near Prudhoe Bay, to provide another 2 billion to 3 billion cubic feet per day of gas, which will be shipped via pipeline to a treatment plant for further processing. The project is expected to supply up to 75% of the gas needed for Alaska Gasline Development Corporation's (AGDC) proposed LNG production project.
CH2M Hill Companies Limited was expected to be the contractor for these services to the ExxonMobil and Hilcorp projects, prior to its acquisition by Jacobs in 2017. Subscribers can read detailed reports on the ExxonMobil and Hilcorp projects, and click here for a list of projects related to AGDC's LNG development.
Other industries relying on Jacobs for development include the Pharmaceutical & Biotech Industry--particularly Eli Lilly and Company (NYSE:LLY) (Indianapolis, Indiana), which has Jacobs attached to more than $8.7 billion worth of active and planned projects. These include the multi-phase LEAP Campus in Lebanon, Indiana, which began construction last year and includes a $3.7 billion cell and gene therapies facility, as well as the $2 billion Plant 1 and $1.7 billion Plant 2 to produce active pharmaceutical ingredients (API). All three are slated to wrap up within 2027. Subscribers can read detailed reports on the cell and gene therapies facility, API Plant 1 and API Plant 2.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects across the U.S. involving Jacobs.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 parent companies for active and planned projects featuring Jacobs.Nearly $80 billion of the total spending is attributed to just a handful of projects related to the development of semiconductors, including three of the leading manufacturers in the industry: Intel Corporation (NASDAQ:INTC) (Santa Clara, California), Samsung Group (Suwon-si, South Korea) and Texas Instruments Incorporated (NASDAQ:TXN) (Dallas, Texas). Two are expected to finish construction later this year: Intel's $30 million expansion of its chip-manufacturing plant in Chandler, Arizona, and $10 million construction of a chip-manufacturing plant in Taylor, Texas. Development of this sector was boosted significantly by the CHIPS Act of 2022, which was passed by Congress to make the U.S. more competitive and self-reliant in the semiconductor market.
Samsung's project is the first phase of a $25 billion effort, running at least through 2028, to build out a complex in Taylor that will cater to the growing market for artificial intelligence, among other end uses. Texas Instruments is weighing its options for a proposed expansion to a wafer-fabrication plant in Lehi, Utah, which received funding from the CHIPS Act. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed reports on the projects from Intel, Samsung and Texas Instruments.
The semiconductor projects are part of Jacobs' shift to "critical infrastructure," following the planned divestment of its energy, chemicals and resources businesses. Jacobs plans to strengthen its role in contracted government services by spinning off its Critical Mission Solutions (CMS) and Cyber & Intelligence businesses and merging them with Amentum Services Incorporated (Chantilly, Virginia) into a new, publicly traded company. The deal is expected to be finalized later this year.
But Jacobs still is at work on several high-value energy projects, including two major gas-development projects in Alaska's North Slope region, both of which are intended to support liquefied natural gas (LNG) developments in years to come. Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) hired Jacobs to manage the engineering for the $12 billion expansion of its Point Thomson Oil & Gas Production Unit in Prudhoe Bay, which could begin as early as first-quarter 2025 and add up to 1.1 billion cubic feet per day of production.
Similarly, Jacobs is attached to Hilcorp Energy Company's (Houston, Texas) $6 billion addition to its Central Natural Gas Production Facility near Prudhoe Bay, to provide another 2 billion to 3 billion cubic feet per day of gas, which will be shipped via pipeline to a treatment plant for further processing. The project is expected to supply up to 75% of the gas needed for Alaska Gasline Development Corporation's (AGDC) proposed LNG production project.
CH2M Hill Companies Limited was expected to be the contractor for these services to the ExxonMobil and Hilcorp projects, prior to its acquisition by Jacobs in 2017. Subscribers can read detailed reports on the ExxonMobil and Hilcorp projects, and click here for a list of projects related to AGDC's LNG development.
Other industries relying on Jacobs for development include the Pharmaceutical & Biotech Industry--particularly Eli Lilly and Company (NYSE:LLY) (Indianapolis, Indiana), which has Jacobs attached to more than $8.7 billion worth of active and planned projects. These include the multi-phase LEAP Campus in Lebanon, Indiana, which began construction last year and includes a $3.7 billion cell and gene therapies facility, as well as the $2 billion Plant 1 and $1.7 billion Plant 2 to produce active pharmaceutical ingredients (API). All three are slated to wrap up within 2027. Subscribers can read detailed reports on the cell and gene therapies facility, API Plant 1 and API Plant 2.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects across the U.S. involving Jacobs.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
