Biden-Harris Administration Announce Preliminary Terms with Coherent, SkyWater, and X-Fab to Advance U.S. Supply Chain Security

URLhttps://www.nist.gov/news-events/news/2024/12/bide
Sourcenist.gov
Date Published12/06/2024
Author NameMaddy Broas

Additional Reshoring Information:

Company/Division name Coherent
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):70
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):33
City reshored to:Sherman
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Chemicals, Computer & Electronic Products
Product(s) reshoredindium phosphide (InP) for chips
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$33 million
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