Oregon
Intel set to win $90m in state funding for mysterious Oregon project
Gov. Tina Kotek plans to award Intel $90 million in state funding designated for the semiconductor industry, according to a letter her staff sent to legislative leaders Monday. It’s the first allocation of money lawmakers designated last year to support growth in of Oregon’s chip industry.
Neither the governor’s office nor Intel would say how Intel will use the money or whether it’s a loan or outright grant. The Oregon CHIPS Act, which passed the Legislature in March, gives Kotek broad authority to grant state funding to support new chip factories, semiconductor research or educational initiatives.