GlobalFoundries pours $1.4 bln into fab expansion amid chip demand boom

URLhttps://www.nasdaq.com/articles/globalfoundries-po
SourceNasdaq.com
Date Published03/03/2021
Author NameAlexandra Alper
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):350
Country(ies) from which reshored:United Arab Emirates
City reshored to:Malta
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemicnductors
What domestic positive factors made reshoring more attractive?Government Incentives, growing demand, Biden
Government Incentive dollar amount:Chips Act
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