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PORTLAND, Ore. (PORTLAND TRIBUNE) — Three more Oregon companies will get state grants to expand and modernize for semiconductor research and manufacturing.
The money will come from the $240 million that legislators approved last year for grants and loans to semiconductor businesses looking to expand in Oregon and seeking federal funding. The first grants were announced in March.
The Oregon CHIPS Act, signed by Gov. Tina Kotek, is a companion to the CHIPS and Science Act passed by Congress and signed by President Joe Biden in 2022. The federal law provides $52 billion nationally for incentives in semiconductor manufacturing, plus $200 billion for a variety of scientific research programs.
CHIPS is an acronym for Creating Helpful Incentives for Producing Semiconductors.
The state money is distributed by Business Oregon (Business Development Department) working with the governor’s office. The state law also sets aside $10 million for communities to prepare manufacturing sites and $10 million for universities to seek federal research grants.
Read more at PortlandTribune.com.
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