Apple will spend $450 million with Globalstar and others to enable emergency satellite texting

URLhttps://www.cnbc.com/2022/11/10/apple-spending-450
SourceCNBC
Date Published11/10/2022
Author NameKif Leswing

Additional Reshoring Information:

Company/Division name Globalstar
Parent companyApple
Type of work Call Center
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):300
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2022
Offshore, work was done:Both
Domestically, the work will be done:Both
Capital investment ($):450
Country(ies) from which reshored:China
State(s) reshored to:LA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredSoftware
What non-domestic negative factors made offshoring less attractive?Intellectual property risk
What domestic positive factors made reshoring more attractive?Automation/technology, Manufacturing/engineering joint innovation (R&D), Other, Product/process knowledge
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