Oregon Company Awarded Up to $50 Million

Today, Gov. Tina Kotek joined National Institute of Standards and Technology Director Laurie E. Locascio in Corvallis to announce up to $50 million to Oregon company Hewlett-Packard 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,” 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.”

Pictured: Gov.Tina Kotek, Undersecretary Laurie Locascio, HP Executives, Sen. Ron Wyden, Sen. Jeff Merkley, Congresswoman Suzanne Bonamici. (Photo courtesty Governor Tina Kotek Press Office)
“This is an exciting day. When we passed Oregon CHIPS, this is exactly the kind of investment we wanted to bring home to Oregon,” State Sen. Janeen Sollman, co-chief sponsor of Senate Bill 4 said. “Not only will this be a boost to our economy now, but it will pay dividends into the future as we continue to strengthen Oregon’s role as a critical hub for advanced manufacturing.”

“The federal CHIPs Act investment announced today helps Oregon remain competitive and cement the state as a leader in semiconductor manufacturing and research. Hewlett Packard has long been an innovator and a critical leader in Oregon’s research and development economy, spurring family-wage jobs and strategic partnerships in developing Oregon’s workforce for the future,” said Rep. Daniel Nguyen, chair of the house interim committee on economic development, small business and trade. “This recognition of the cutting-edge work done in Corvallis reinforces the legislature’s commitment to support the semiconductor industry in Oregon.”    

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.