The Biden administration has awarded up to $53 million to HP in Corvallis, Oregon, for semiconductor research as part of the CHIPS and Science Act. This funding will expand HP’s facility and is projected to create new job opportunities. The award is part of a broader federal investment in domestic technology and manufacturing to spur innovation.
The Biden administration has announced a significant award of up to $53 million to HP, formerly known as Hewlett Packard, to bolster semiconductor research in Corvallis, Oregon. This funding, part of the CHIPS and Science Act enacted in 2022, is aimed at expanding the company’s facility and enhancing research capabilities in microscopic technology. Such advancements are expected to create 100 new factory jobs and 150 construction positions, contributing to the growth of Oregon’s tech sector, which employs over 30,000 individuals.
Commerce Secretary Gina Raimondo emphasized the importance of companies like HP, stating that they are at the forefront of innovation that will drive future technological breakthroughs. HP’s executives have expressed their commitment to utilizing this grant to progress semiconductor production and innovation in the United States. This marks the third award to Oregon, following significant financial support for Intel and Microchip Technologies.
The semiconductor industry in the United States is receiving a major boost from federal initiatives aimed at enhancing domestic manufacturing and technological development. The CHIPS and Science Act allocates over $50 billion to this sector, responding to the growing demand for semiconductors across various industries. While Oregon has experienced recent funding success, competition for research center locations remains fierce, exemplified by the Biden administration’s decision to establish a center at Arizona State University instead of in Oregon. This funding is critical for the sustainability and growth of the tech industry in Oregon, which seeks to maintain its standing as a leader in innovation and production within the semiconductor field.
The $53 million awarded to HP represents a strategic investment in Oregon’s growing semiconductor industry and highlights the critical role that technology companies play in shaping future innovations. While the state has seen some successes in funding allocations, the competition for additional research facilities remains a challenge. The long-term implications of this award are expected to enhance job creation and technological advancements in the region.
Original Source: oregoncapitalchronicle.com
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