Biden accuses US of getting ‘lazy’ in sending manufacturing jobs to China

SourceFox Business
Date Published11/29/2022
Author NameBradford Betz
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SK Siltron's U.S.
Parent companySK siltron Co.,Ltd
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2022
Country(ies) from which reshored:Korea, Republic of
City reshored to:Bay City
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemi-conductor, 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?Automation/technology, Government Incentives, Other, COVID-19
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