A new era of industrial policy kicks off with signing of the Chips Act

SourceWashington Post
Date Published08/09/2022

Additional Reshoring Information:

Company/Division name Micron Technology
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):5000
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2030
Domestically, the work will be done:In-house
Capital investment ($):40,000
Country(ies) from which reshored:China,Japan,Singapore,Taiwan, Province of China
City reshored to:Boise
State(s) reshored to:ID
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
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?Government Incentives, Biden, CHIPS act
Government Incentive dollar amount:$40 billion
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