Company/Division name | SK Siltron CSS |
Parent company | SK Group |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 200 |
Year reshoring announced: | 2024 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Bay City |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | high-quality silicon carbide wafers |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Better Control of Process/Delivery/Factory, Government Incentives, Govt. Policy and subsidies, Higher productivity, Image/brand, Impact on domestic economy, Lead time/Time to market, Proximity to customers/market, CHIPS and DOE Loan |
Government Incentive dollar amount: | DOE Loan: $544 mil |