Company/Division name | Global Foundries |
Parent company | GlobalFoundrie |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2023 |
Capital investment ($): | 35 |
City reshored to: | Essex Junction |
State(s) reshored to: | VT |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | semiconductors |
What domestic positive factors made reshoring more attractive? | Government Incentives, Under-utilized capacity |
Government Incentive dollar amount: | $35 million in federal funding from the U.S. gover |