Qualcomm, GlobalFoundries to Spend $7.4 Billion to Increase Chip Manufacturing

URLhttps://www.thomasnet.com/insights/qualcomm-global
SourceThomasNet
Date Published08/22/2022
Author NameNolan Beilstein
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Qualcomm
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2028
Capital investment ($):4200
City reshored to:Malta
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor chips
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?Under-utilized capacity, Biden
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