Oregon invests in semiconductor industry to boost local economy and expand firms

The Joint Committee on Ways and Means Subcommittee on Transportation and Economic Development convened on March 17, 2025, to discuss key developments in Oregon's semiconductor industry and its economic implications.

The meeting highlighted Oregon's significant role in the semiconductor sector, noting that the state accounts for 9% of employment in this industry. This statistic underscores the importance of the semiconductor sector as a vital economic driver for Oregon, particularly concentrated in the Portland Metro Area, with notable companies like HP located in Corvallis and additional firms in Bend.

A central focus of the discussion was the impact of recent federal and state initiatives, specifically the federal CHIPS Act and the Oregon CHIPS Act. These legislative measures aim to bolster investment in local semiconductor companies, encouraging them to expand operations within the state. The committee acknowledged the competitive landscape among states to attract semiconductor firms, emphasizing that while Oregon has made strides, the long-term outcomes of these efforts remain uncertain.

Overall, the meeting underscored the semiconductor industry's historical presence in Oregon, which has been established for approximately 50 years, and its potential for future growth driven by state and federal support. The committee's discussions reflect a commitment to fostering this critical sector as a cornerstone of Oregon's economic development strategy.