High-tech companies like Intel and Analog Devices have already indicated they’re expecting to grow, even though the big bucks from CHIPS aren’t yet in the bag.
PORTLAND, Ore. — The real impact of the $52 billion federal CHIPS and Science Act probably isn’t being felt yet across the country, let alone in Oregon, but recent events suggest that its proximity is already spurring an expansion in the Beaver State’s high-tech manufacturing sector.
President Joe Biden signed the CHIPS Act into law roughly a year ago. The concept was to bring semiconductor manufacturing back to the U.S. after a protracted period of outsourcing.
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