SkyWater Begins Domestic Fab Expansion Tool Installation to Support DOD Investment of up to $170M

URLhttps://curated.tncontentexchange.com/states/minne
SourceTown News
Date Published09/08/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SkyWater Technology
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2020
Domestically, the work will be done:In-house
Capital investment ($):170
City reshored to:Bloomington
State(s) reshored to:MN
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$170 million investment from DoD
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