Sumitomo to double capacity with US production

URLhttps://www.capacitymedia.com/articles/3829034/sum
Sourcehttps://www.capacitymedia.com/
Date Published07/05/2021
Author NameMelanie Mingas
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Sumitomo Electric Industries
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
If manufacturing, is the company a contract manufacturer?Yes
Reshoring category:Foreign Direct Investment
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2021
Domestically, the work will be done:In-house
Country(ies) from which reshored:Japan
State(s) reshored to:NJ
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products, semiconductors for 5G
What domestic positive factors made reshoring more attractive?Other, Biden
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