Sumitomo Electric to produce 5G chips in US amid shortage

URLhttps://asia.nikkei.com/Business/Tech/Semiconducto
Sourcehttps://asia.nikkei.com
Date Published07/04/2021
Author NameRYOTARO SATO

Additional Reshoring Information:

Company/Division name Sumitomo Electric Industries
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
Year reshoring implemented or to be implemented: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
What domestic positive factors made reshoring more attractive?Government Incentives
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