Four semiconductor makers announce $277M investment in Indiana

URLhttps://www.thecentersquare.com/indiana/four-semic
SourceThe Center Square
Date Published11/21/2022
Author NameLawrence Wilson

Additional Reshoring Information:

Company/Division name Trusted Semiconductor Solutions of Minnesota
Parent companyTrusted Semiconductor Solutions of Minnesota
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):40
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2027
Domestically, the work will be done:In-house
Capital investment ($):34
City reshored to:Odon
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredsemidconductors
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Govt. Policy and subsidies, Manufacturing/engineering joint innovation (R&D), Skilled workforce availability/training
Government Incentive dollar amount:1,550,000
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