DoD Announces $117 Million Contract to Boost Domestic Manufacturing of Microelectronics

URLhttps://www.thomasnet.com/insights/dod-announces-1
Sourcehttps://www.thomasnet.com
Date Published05/12/2022
Author NameNolan Beilstein
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Global Foundries
Parent companyGlobalFoundrie
Type of work Manufacturing
Reshoring category:Reshoring
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
City reshored to:Malta
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredmicroelectronics
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Under-utilized capacity, $117 M from U.S. Department of Defense
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