The Biden-Harris Administration has announced a significant award under the CHIPS Incentives Program to support domestic manufacturing and technological advancement. The U.S. Department of Commerce has allocated up to $53 million in direct funding to HPI Federal LLC, part of HP Inc., for the expansion and modernization of its facility in Corvallis, Oregon. This initiative is part of HP's "lab-to-fab" ecosystem, which integrates research and development with commercial manufacturing operations.
The funding follows a preliminary memorandum signed on August 27, 2024, with the funds being released as HP achieves specific project milestones. U.S. Secretary of Commerce Gina Raimondo emphasized the importance of this investment, stating, “Companies like HP are developing the technologies that will spur unprecedented breakthroughs for generations to come.”
The CHIPS funding will support the production of silicon devices essential for life sciences lab equipment used in drug discovery and cell line development. The project is expected to create approximately 150 construction jobs and over 100 manufacturing jobs.
White House Deputy Chief of Staff Natalie Quillian highlighted President Biden’s agenda for maintaining America’s global leadership in innovation, saying, “Today's announcement with HP will build on the company’s 86-year history driving American innovation.”
HP President and CEO Enrique Lores expressed satisfaction with the grant's finalization: “This significant development will accelerate our work and innovation in Micro-Electro-Mechanical Systems (MEMS) technology.”
For more details about this award, interested parties can visit the CHIPS for America website.
CHIPS for America aims to distribute funding based on achieving construction and production milestones while monitoring performance through reports. Since its inception under the Biden-Harris Administration, it has awarded over $33 billion out of $36 billion proposed incentives across 21 states, expecting to create over 125,000 jobs.
CHIPS for America forms a crucial part of an economic strategy designed by President Biden and Vice President Harris to stimulate private sector investment and job creation within the United States.
