Commerce Dept Funds Akash Systems’ Semiconductor Facility

URLhttps://executivegov.com/2024/11/doc-akash-systems
SourceExecutiveGov
Date Published11/13/2024
Author NameMiles Jamison

Additional Reshoring Information:

Company/Division name Akash Systems
Parent companyAkash Systems
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):400
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):121
City reshored to:West Oakland
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredSemiconductors/Diamond Cooling Substates
What domestic positive factors made reshoring more attractive?Automation/technology, Govt. Policy and subsidies, Impact on domestic economy
Government Incentive dollar amount:18,200,000
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