ForwardEdge ASIC Establishes St. Paul, Minnesota, Operations

URLhttps://www.areadevelopment.com/newsItems/5-26-202
SourceArea Development
Date Published05/26/2023

Additional Reshoring Information:

Company/Division name ForwardEdge ASIC
Parent companyLockheed 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) reshoredapplication 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
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