Semiconductor Startup Expands In Pennsylvania

URLhttps://businessfacilities.com/2022/09/semiconduct
SourceBusiness Facilities
Date Published09/06/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) 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?Government Incentives, Skilled workforce availability/training, Under-utilized capacity
Government Incentive dollar amount:$1.4 million PIDA loan,$338,000 Pennsylvania grant
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