Thermo Fisher Scientific Ranks 58th in Trading Volume with 10.60 Billion as it Expands US Manufacturing Capabilities

On April 14, 2025, Thermo's trading volume reached 10.60 billion, ranking 58th in the day's stock market. Thermo, also known as Thermo Fisher Scientific, saw a 2.55% increase, marking its second consecutive day of gains, with a total increase of 5.12% over the past two days.

Thermo Fisher Scientific has announced a significant expansion of its manufacturing capabilities in the United States. The company plans to invest $100 million in a new facility in Massachusetts, which will focus on producing advanced diagnostic tools and life science reagents. This investment is part of Thermo Fisher's broader strategy to enhance its domestic production capacity and reduce reliance on overseas suppliers.

In addition to the new facility, Thermo Fisher has also unveiled plans to upgrade its existing manufacturing sites across the country. These upgrades will include the installation of state-of-the-art equipment and the implementation of advanced automation technologies. The company aims to increase its production efficiency and flexibility, allowing it to better respond to market demands and supply chain disruptions.

Thermo Fisher's expansion efforts are expected to create hundreds of new jobs in the United States. The company has stated that it will prioritize hiring local talent and providing training programs to ensure that its workforce is equipped with the necessary skills to operate the new facilities. This investment in the domestic workforce is seen as a positive development for the local economy and a testament to Thermo Fisher's commitment to supporting American manufacturing.