Company/Division name | Global Foundries |
Parent company | GlobalFoundries |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Total number of jobs (added or to be added): | 1500 |
Year reshoring announced: | 2024 |
Capital investment ($): | 12000 |
City reshored to: | Malta NY and Essex Junction, Vermont |
State(s) reshored to: | NY |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | chips |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption |
What domestic positive factors made reshoring more attractive? | Automation/technology, Better Control of Process/Delivery/Factory, Customization/Flexibility, Govt. Policy and subsidies, Higher productivity, Image/brand, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training, US CHIPS and NY Green CHIPS Acts |
Government Incentive dollar amount: | US: $1.5bil and NY: $600mil |