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PO1 William "Chip" Nagel
..."The money, passed with broad bipartisan support, was designed to spur major developments that could also vie for even more financial help through the $52 billion federal CHIPS and Science Act passed last year. And it was touted by lawmakers as a potentially game-changing investment after years of major semiconductor investment flowing to other states.

Oregon is home to roughly 15% of the nation’s semiconductor workforce, and microprocessors are the state’s largest export. Nonetheless, national attention regarding semiconductor investment has more recently been trained on states like Arizona, Ohio, Texas and New York.

Intel is not the only company vying for state money to expand in Oregon. The governor’s office said Tuesday that the state’s business development department received 16 applications for money from the Oregon CHIPS Fund, requesting more than $500 million — roughly double what’s available.

If Kotek plans to award any company more than $50 million from the fund, she needs to give lawmakers at least 30 days notice under state law. To date, the planned payment to Intel is the only decision to clear that threshold."
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