HP CEO makes statement on CHIPS Award
August 28, 2024
HP announced that it has signed preliminary terms for a proposed $50 million (€45 million) award from the US Department of Commerce from the CHIPS and Science Act in support of its microfluidics semiconductor fab in Corvallis, Oregon.
This proposed investment provides HP with an opportunity to modernise and expand its facility to further advance our microfluidics technology, which is the study of the behaviour and control of fluid on a microscopic scale.
Enrique Lores, Chief Executive Officer of HP added in his statement: “Microfluidics has the potential to drive revolutionary changes across industries, delivering speed, efficiency, and precision, to help pave the way for the next generation of innovation in life sciences and technology.
“We would like to thank the Biden-Harris Administration and Secretary Raimondo, as well as the Oregon congressional delegation, including Senators Wyden and Merkley and state leaders including Governor Kotek, Representative Rayfield, and Senate President Wagner for their support and advocacy throughout this process. In addition, we are thankful to the bipartisan leaders in Congress who championed the CHIPS Act and thereby made this proposed award possible, including Leader Schumer and Senators Young, Cornyn, and Warner.
“We look forward to continuing to work to accelerate our innovation in microfluidics and Micro-Electro-Mechanical Systems (MEMS) technology while expanding our manufacturing and R&D capabilities in Corvallis.”
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