Samsung To Announce $17 Billion Chip Plant This Week After Executive’s Visit

Date Published11/22/2021
Author NameRamish Zafar
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Samsung Electronics America
Parent companySamsung Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Domestically, the work will be done:In-house
Capital investment ($):1700
Country(ies) from which reshored:Korea, Republic of
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredSemiconductor devices
What domestic positive factors made reshoring more attractive?Government Incentives
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