Cree starts making wafers at SUNY Poly in Albany

SourceBiz Journals
Date Published10/23/2019
Author NameLiz Young
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
Total number of jobs (added or to be added):600
Year reshoring announced:2019
Year reshoring implemented or to be implemented:2022
Capital investment ($):1,000
City reshored to:Utica
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Under-utilized capacity, Other, import replacement; partnership
Government Incentive dollar amount:$500 million
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