NEW GLOBITECH SEMICONDUCTOR FACILITY TO ADD 1,500 NEW JOBS IN SHERMAN, TX

URLhttps://businessintexas.com/news/new-globitech-sem
Sourcebusinessinmammoth.com
Date Published06/27/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name GlobiTech, Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1500
Year reshoring announced:2022
Domestically, the work will be done:In-house
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:Sherwin
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshored300mm silicon wafers
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
Government Incentive dollar amount:$15 million
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