SK Group pledges $22b for US chip, battery manufacturing

SourceThe Register
Date Published07/27/2022
Author NameTobias Mann
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SKF Group
Parent companySK Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Capital investment ($):22000
Country(ies) from which reshored:Korea, Republic of
City reshored to:Austin
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredsemiconductor, green energy, bioscience research,
What non-domestic negative factors made offshoring less attractive?Green considerations
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