Samsung Electronics has signed a $1.5 billion investment agreement with a Michigan firm to build the first new manufacturing facility in the US since 2007.
The announcement on Monday came after President Donald Trump announced the U.S. Department of Labor will invest $1,000 million in the manufacturing facility, the largest of its kind in the country.
It’s the first major U.N. investment in the U, S. or both in decades, according to Reuters.
The deal includes a total investment of $3.5 million to support the facility and a $2 million contribution from the Trump administration.
It comes as Samsung’s global manufacturing head, David Yee, travels to Washington, D.C., to speak with Trump about the $1 trillion U.K.-based electronics maker’s plans to invest $200 billion in the next 10 years.