GlobalFoundries Awarded $35 Million Funding from U.S. Government to Accelerate Manufacturing of ...

URLhttps://www.bakersfield.com/ap/news/globalfoundrie
SourceThe Bakersfield Californian
Date Published10/18/2023

Additional Reshoring Information:

Company/Division name Global Foundries
Parent companyGlobalFoundrie
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) reshoredsemiconductors
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
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