New fiber optics micro-factory opens in Aurora

URLhttps://www.dailyherald.com/submitted/20200729/new
SourceDaily Herald
Date Published07/30/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name viaPhoton
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):230
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):5
City reshored to:Aurora
State(s) reshored to:IL
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredfiber optics for 5G
What non-domestic negative factors made offshoring less attractive?Intellectual property risk, Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Impact on domestic economy, Proximity to customers/market, Skilled workforce availability/training
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