Raimondo announces strategy to boost US chip manufacturing ahead of Biden's Ohio trip

URLhttps://rollcall.com/2022/09/06/raimondo-announces
SourceRoll Call
Date Published09/06/2022
Author NameGopal Ratnam
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Intel
Parent companyIntel
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):120000
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2023
Capital investment ($):50000
Country(ies) from which reshored:China
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredSemiconductors
What non-domestic negative factors made offshoring less attractive?Strained offshore relationships, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives, Image/brand, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D)
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