Company/Division name | SK Siltron CCS, LLC |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Total number of jobs (added or to be added): | 200 |
Year reshoring announced: | 2024 |
Domestically, the work will be done: | In-house |
Capital investment ($): | 481.5 |
Country(ies) from which reshored: | Korea, South |
City reshored to: | Bay City |
State(s) reshored to: | MI |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | silicon carbide (SiC) wafers |
What domestic positive factors made reshoring more attractive? | Government Incentives, Govt. Policy and subsidies |
Government Incentive dollar amount: | $544 loan |