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

URLhttps://www.reuters.com/technology/chip-maker-wolf
SourceReuters
Date Published09/09/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Wolfspeed Inc
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Domestically, the work will be done:In-house
Capital investment ($):5000
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products, Nonmetallic Mineral Products
Product(s) reshoredsilicon carbide wafers
What domestic positive factors made reshoring more attractive?Government Incentives, Under-utilized capacity
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