Scoop: Ohio startup raises $14 million to onshore cellular module manufacturing

URLhttps://www.msn.com/en-us/money/other/scoop-ohio-s
Sourcemsn.com
Date Published12/09/2024

Additional Reshoring Information:

Company/Division name Eagle Electronics
Parent companyQuectel
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):14
Country(ies) from which reshored:China
City reshored to:Cleveland
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredIoT cellular modules, semiconductor components
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
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