Jacobs Builds Role in Semiconductors, Healthcare as Changes Loom

Jacobs Builds Role in Semiconductors, Healthcare as Changes Loom

May 8, 2024--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. 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), Samsung Group and Texas Instruments Incorporated (NASDAQ:TXN).

Other companies featured: Amentum Services Incorporated, Exxon Mobil Corporation (NYSE:XOM), Hilcorp Energy Company and Eli Lilly and Company (NYSE:LLY).

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