SK Siltron's U.S. unit plans $300 million investment in Michigan to support EV growth

Date Published07/14/2021
Author NameDavid Shepardson
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name SK Siltron's U.S.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):150
Capital investment ($):300
Country(ies) from which reshored:Korea, Republic of
City reshored to:Bay City
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredsilicon carbide wafer
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, Biden
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