Company/Division name | Sion Power Corporation |
Parent company | Six Sigma Services |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2023 |
Capital investment ($): | 10 |
City reshored to: | Milpitas |
State(s) reshored to: | CA |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | high-reliability Column Grid Array components |
What non-domestic negative factors made offshoring less attractive? | Regulatory compliance, Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Geopolitical Risk, Government Incentives, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Defense Department investment |
Government Incentive dollar amount: | $10mil |