DOD invests $10M to strengthen U.S. microelectronics company

SourceInside Defence
Date Published05/24/2023

Additional Reshoring Information:

Company/Division name Sion Power Corporation
Parent companySix 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) reshoredhigh-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
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