GM makes deal with wafer maker to secure semiconductor part supply

URLhttps://www.detroitnews.com/story/business/autos/g
SourceThe Detroit News
Date Published02/09/2023
Author NameKalea Hall
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name GM
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Domestically, the work will be done:Outsourced
City reshored to:Malta
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors from GlobalFoundries
What non-domestic negative factors made offshoring less attractive?Loss of control, Quality/rework/warranty, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:CHIPS Act
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