Major expansion of company in CT draws praise: ‘Integral members of the community’

URLhttps://www.greenwichtime.com/business/article/Maj
SourceGeenwich Time
Date Published06/05/2022
Author NameLuther Turmelle
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name ASML
Parent companyASML
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1000
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):200
Country(ies) from which reshored:Netherlands
City reshored to:Wilton
State(s) reshored to:CT
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor, computer chips
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives, Infrastructure, Skilled workforce availability/training, Under-utilized capacity
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