GlobalFoundries and ElevATE partner in Vermont on high-voltage chips for national security applications

URLhttps://vermontbiz.com/news/2024/june/05/globalfou
Sourcevermontbiz.com
Date Published06/06/2024

Additional Reshoring Information:

Company/Division name GlobalFoundries
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
City reshored to:Essex Junction
State(s) reshored to:VT
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredhigh-voltage chips
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Lead time/Time to market
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