Company/Division name | Cree Inc. |
Parent company | Cree Inc. |
Type of work | Manufacturing |
Reshoring category: | Reshoring |
Year reshoring announced: | 2019 |
Year reshoring implemented or to be implemented: | 2024 |
Capital investment ($): | 1,000 |
City reshored to: | Durham |
State(s) reshored to: | NC |
If relevant, work nearshored to: | - |
Industry(ies): | Computer & Electronic Products |
Product(s) reshored | silicon carbide / semiconductor products |
What domestic positive factors made reshoring more attractive? | Automation/technology, Customer responsiveness improvement, Eco-system synergies, Skilled workforce availability/training, Under-utilized capacity, Other, import replacement; expansion |