Company/Division name | ForwardEdge ASIC |
Parent company | Lockheed Martin Corporation |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 100 |
Year reshoring announced: | 2023 |
Capital investment ($): | 60 |
City reshored to: | St Paul |
State(s) reshored to: | MN |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | application specific integrated circuits |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Government Incentives, Image/brand, Skilled workforce availability/training |
Government Incentive dollar amount: | 1.3 |