GlobalFoundries GaN Chip Manufacturing Advances with $9.5 Million U.S. Federal Funding

URLhttps://www.morningstar.com/news/globe-newswire/93
SourceMorningstar
Date Published12/04/2024
Author NameMichael Mullaney

Additional Reshoring Information:

Company/Division name GlobalFoundries
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):9.5
City reshored to:Essex Junction
State(s) reshored to:VT
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredGaN Chips
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$9.5 million
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