Chip maker Wolfspeed to build new U.S. factory to meet surging EV demand

Date Published09/10/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Wolfspeed
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Capital investment ($):5000
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor, chip maker, silicon carbide
What domestic positive factors made reshoring more attractive?Automation/technology, Raw Materials Cost
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