GlobalFoundries, Mulling NY Expansion, Lands DoD Deal

URLhttps://www.industryweek.com/supply-chain/article/
SourceIndustryWeek
Date Published02/15/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name GlobalFoundries Inc.
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Reshoring
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2021
Domestically, the work will be done:In-house
Capital investment ($):13000
City reshored to:Santa Clara
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshored45 nanometer SOI chips, silicon-on-insulator chips
What non-domestic negative factors made offshoring less attractive?Intellectual property risk
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Impact on domestic economy, Lead time/Time to market
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