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HP secures up to $50 million in CHIPS Act funding to expand an Oregon facility
HP is the latest recipient of CHIPS and Science Act funding. The Biden-Harris Administration said today that the Department of Commerce has agreed to preliminary terms with HP to funnel up to $50 million for expanding and modernizing the company’s Oregon-based plant.
HP says the expansion will also advance tech built for microfluidics, the study of the behavior and control of fluid on a microscopic scale. “Microfluidics has the potential to drive revolutionary changes across industries, delivering speed, efficiency, and precision, to help pave the way for the next generation of innovation in life sciences and technology,” HP’s President and CEO Enrique Lores wrote in a Department of Commerce press release. The proposed $50 million would support the expansion and modernization of HP’s existing plant in Corvallis, OR, around 80 miles south of Portland.
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