Company/Division name | iDEAL Semiconductor |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 63 |
What product(s) and/or service(s) were outsourced domestically? | Manufacturing |
Year reshoring announced: | 2022 |
Capital investment ($): | 3.4 |
City reshored to: | Bethlehem |
State(s) reshored to: | PA |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | semiconductor 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? | Government Incentives, Skilled workforce availability/training, Under-utilized capacity |
Government Incentive dollar amount: | $1.4 million PIDA loan,$338,000 Pennsylvania grant |