New York Semiconductor Site Picked for $825 Million in Funding

URLhttps://www.manufacturing.net/operations/news/2292
Source
Date Published10/31/2024

Additional Reshoring Information:

Company/Division name Albany Nanotech
Reshoring category:Reshoring
Year reshoring announced:2024
City reshored to:Albany
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor extreme ultraviolet, EUV lithography
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Impact on domestic economy, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market
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