Apple will buy processors from factory in Arizona, CEO Tim Cook reportedly says

URLhttps://www.cnbc.com/2022/11/15/apple-to-buy-chips
SourceCNBC
Date Published11/15/2022
Author NameKif Leswing
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Apple
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2022
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredprocessors, chips,
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$50B financial incentives semiconductor companies
Find Reshoring Articles