HP says it will bring jobs back to Corvallis from overseas if it gets CHIPS Act money – By Mike Rogoway (The Oregonian/OregonLive) / Nov 7, 2022
HP Inc. says it’s planning to bring some manufacturing jobs back to Oregon if it lands a share of the federal money Congress allocated last summer for the semiconductor industry.
“The CHIPS Act gives us an opportunity to look at ways we can bring back some of the investments we’ve made overseas and bring those back to Corvallis,” Tuan Tran, HP’s president of imaging and printing said at an event last month at the company’s campus there.
HP wants to bring its development, prototyping and manufacturing back under one roof, Tran said, if it can capture a share of the $52 billion the Commerce Department plans to begin allocating early next year.
“Thanks to that we will be able to continue to invest, expand our capabilities here,” said CEO Enrique Lores, who also attended the event.
