Commerce Announces $750M for North Carolina Chips Company

URLhttps://broadbandbreakfast.com/commerce-announces-
Sourceassociated press
Date Published10/16/2024

Additional Reshoring Information:

Company/Division name Wolfspeed
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):2000
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):6000
City reshored to:Siler City
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshored silicon carbide for wafers
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$750 million
Find Reshoring Articles