Intel Foundry Services and Tower Semiconductor Announce New US Foundry Agreement

URLhttps://www.hpcwire.com/off-the-wire/intel-foundry
SourceHPC Wire
Date Published09/05/2023

Additional Reshoring Information:

Company/Division name Tower Semiconductor
Parent companyTower Semiconductor Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):300
Country(ies) from which reshored:Israel
State(s) reshored to:NM
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor solutions
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies
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