Wolfspeed Commits $5B to NC Materials Facility, Research Partnership

URLhttps://www.enr.com/articles/56350-wolfspeed-commi
SourceEngineering News-Record
Date PublishedUnknown
Author NameStephanie Loder
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Wolfspeed
Parent companyWolfspeed
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1800
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2024
Capital investment ($):5000
City reshored to:Chatham County
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsilicon carbide wafers for chips
What domestic positive factors made reshoring more attractive?Automation/technology, Eco-system synergies, Government Incentives, CHIPS
Government Incentive dollar amount:$775mil
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