HP Inc. (Oregon)

Credit: CHIPS for America

On  August 27, 2024, the Biden-Harris Administration announced that the Department of Commerce and HP Inc. have signed a non-binding preliminary memorandum of terms to provide up to $50 million in proposed direct funding under the CHIPS and Science Act. The proposed funding would support the expansion and modernization of HP’s existing facility in Corvallis, Oregon, which is part of the company’s “lab-to-fab” ecosystem in the region that spans from research and development (“R&D”) activities to commercial manufacturing operations.

• The proposed project would build on the company’s 47-year presence in Corvallis, Oregon and commitment to the local workforce – specifically, the project is estimated to create nearly 150 construction jobs and over 100 manufacturing jobs.
• The proposed CHIPS investment would bolster the lab-to-fab ecosystem that HP has established in Corvallis, which also serves as one of three R&D Centers for Excellence within the company’s global footprint.
• Among other products, the proposed funding would support the manufacturing of silicon devices that are key components of life sciences lab equipment which are used in drug discovery, single-cell research, and cell line development.
• HP plays a pivotal role in the National Science Foundation Engines Development Program–Advancing Semiconductor Technologies in the Northwest to grow the semiconductor industry through strategic opportunities in innovation, entrepreneurship, research, manufacturing, workforce training, and more.