The Biden-Harris administration has recently awarded a substantial sum to the Oregon-based company Hewlett-Packard (HP), with the potential of up to $50 million in federal funding, as announced in Corvallis by Governor Tina Kotek and National Institute of Standards and Technology (NIST) Director Laurie E. Locascio. This allocation derives from the CHIPS and Science Act, a critical piece of legislation aimed at bolstering the United States' semiconductor capacity.
"HP invented its inkjet printer here in Corvallis, and the facility still remains one of the company’s leading research posts, contributing to our state’s leadership in technological innovation," Governor Kotek said, as stated by the State of Oregon. She emphasized Oregon's unique position to enhance national security through its contributions to the semiconductor industry. Oregon's commitment to technological advancements and economic growth is further exemplified by State Senator Janeen Sollman's assertion that the investment would "pay dividends into the future."
The state's role as a significant player in the advanced manufacturing arena is set to be strengthened through this investment. "The federal CHIPs Act investment announced today helps Oregon remain competitive and cement the state as a leader in semiconductor manufacturing and research," Rep Daniel Nguyen, Chair of the House Interim Committee on Economic Development, Small Business, and Trade, explained, as per the State of Oregon.
Complementing this federal award is the Oregon CHIPS Act. It was signed into law during the 2023 legislative session and dedicates $240 million towards a grant and loan program that supports semiconductor businesses aiming to expand in Oregon. HP, rooted in Benton County, has already procured $9.5 million through this initiative, signaling the state's commitment to nurturing a robust semiconductor ecosystem on its soil.
