Governor Tina Kotek joined National Institute of Standards and Technology (NIST) Director Laurie E. Locascio in Corvallis Tuesday to announce up to $50 million to Oregon company Hewlett-Packard (HP) from the CHIPS and Science Act.
“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. “Oregon is a leader in the semiconductor industry because of our world class talent and strong partnerships with higher education. We are uniquely positioned to enhance national security by helping to grow the country’s semiconductor industry. Thank you to the leadership of the Biden-Harris Administration in making this critical award possible.”
The Oregon CHIPS Act, signed into law during the 2023 legislative session, dedicates $240 million to develop a grant and loan program to support semiconductor businesses looking to expand in Oregon, providing the opportunity for significant federal funding support provided by the CHIPS and Science Act that Congress passed and President Biden signed in August 2022.
The Governor’s office, in partnership with Business Oregon, has been working to distribute the funding to projects. HP, based in Benton County, received $9.5 million.
Source: Oregon Governor's Office