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FILE – In November 2021, employees in cleanroom “bunny suits” are working at Intel’s D1X factory in Hillsboro, Ore.
Walden Kirsch / Courtesy of Intel Corporation
Intel is rolling out $100 billion in spending across four states — with Oregon getting the largest chunk.
The tech giant’s unveiling of spending plans followed an announcement Wednesday from the Biden Administration that Intel will receive $8.5 billion from the 2022 CHIPS and Science Act and up to $11 billion in federal loan guarantees. President Joe Biden announced the federal funding for Intel in Arizona, one of the other states with a big Intel presence, and a critical swing state in the upcoming 2024 election.
According to information released Wednesday, Intel plans to spend $36 billion in Oregon to modernize and expand its research and development hub in Hillsboro.
Related: Biden touts $8.5 billion federal funding in Intel’s computer chip plants in Oregon and 3 other states
In its two-page fact sheet detailing “The Silicon Forest” spending and federal investments, Intel said the money will go to “expand and modernize its technology development facilities to support the development and production of future process nodes, enabling Intel to invent and deliver the process technologies of the future.”
Oregon Democratic leaders, including Gov. Tina Kotek, Sens. Ron Wyden and Jeff Merkley and Rep. Suzanne Bonamici, said in statements they were pleased to see federal investment turning into spending on Intel’s campus in Hillsboro.
“I’m thrilled that Intel will expand Oregon’s world-class research and development facilities, keeping Hillsboro’s Gordon Moore Park at the forefront of innovation,” Bonamici said. “Importantly, this project will create thousands of sustainable, family-wage jobs.”
Related: Report outlines ways for Oregon to close semiconductor workforce gap
The funding will build on what the company says has been $59 billion in investments in its Hillsboro facilities to date and may help reassure Oregonians who have seen the company make significant investments elsewhere. Oregon is just one of the four states Intel is investing in.
Its $100 billion plans, detailed Wednesday, include nearly as much spending in Arizona — $32 billion — as it’s planned for Oregon. New Mexico is receiving $4 billion. Intel plans to spend the remaining $28 billion in Ohio, according to reports.
Related: Intel signals expansion plans in Hillsboro
The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon.
Higher education institutions and chip manufacturing companies will need to closely collaborate to meet the workforce needs of Oregon’s burgeoning semiconductor industry.
The state’s largest private employer says it will step up microchip manufacturing as Oregon has set aside big money for the industry.
Tags: Intel, Hillsboro, Technology, Investment
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