Semiconductor Products to Be Made at New $600M Factory in Covington, Ga.

URLhttps://www.constructionequipmentguide.com/semicon
SourceConstruction Equipment Guide
Date Published11/02/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Absolics Inc
Parent companySKC Co. Ltd
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):400
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2026
Capital investment ($):600
Country(ies) from which reshored:Korea, Republic of
City reshored to:Covington
State(s) reshored to:GA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredglass substrate for semiconductors
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, supply chain
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