Cree Investing $1B In North Carolina

URLhttps://businessfacilities.com/2019/05/cree-invest
SourceBusiness Facilities
Date Published05/09/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Cree Inc.
Parent companyCree 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) reshoredsilicon 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
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