Bloomington’s SkyWater Technology nets $16M in federal funds to increase semiconductor production

URLhttps://www.startribune.com/skywater-technology-se
SourceMinnesota Star Tribune
Date Published12/06/2024
Author NameKatie Galioto

Additional Reshoring Information:

Company/Division name SkyWater Technology
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):70
Year reshoring announced:2024
Capital investment ($):127
City reshored to:Bloomington
State(s) reshored to:MN
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemicomductors
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$16M (fed) + $19 M (state)
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