Company/Division name | Applied Materials, Inc. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | China |
City reshored to: | Lynchburg |
State(s) reshored to: | VA |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components |
Product(s) reshored | lithium ion batteries |
What domestic positive factors made reshoring more attractive? | Government Incentives, Govt. Policy and subsidies |