The Oregon CHIPS Act dedicated $240 million to maximize semiconductor manufacturing
growth in Oregon, with this second round of funding supporting six projects.

Today, Business Oregon announced the recipients of a second round of Oregon CHIPS funding to support a diverse range of projects, including construction of new semiconductor manufacturing and research facilities as well as the expansion and modernization of existing locations.

A total of six companies have been awarded more than $12 million in funding pending successful contract negotiation and execution. These projects represent a significant expansion of production capacity in Oregon’s semiconductor supply chain and reflect a growing trend of foreign direct investment in Oregon with multiple projects from companies outside the U.S. The awards from Oregon CHIPS Round 2 are projected to support a total of $1.87 billion in project capital expenditures and 775 new jobs.

“This new round of Oregon CHIPS funding complimented the competitive advantages we have here in the Silicon Forest to get these projects off the ground in Oregon,” said Sophorn Cheang, Director of Business Oregon. “This program is helping drive unprecedented levels of private investment and job creation, with an estimated $1.9 billion in these six projects alone, in addition to bringing billions in federal CHIPS Act funding to our state.”

AGC Electronic America
$500,000

Expansion and modernization of existing Hillsboro manufacturing
facility. AGCEA is a subsidiary of AGC Inc. (a Japanese company)
with over 25 years of operations in Oregon.

GLX MICRO
$7,000,000

Recruitment of a power electronics semiconductor packaging
company with plans for construction of new facilities in the Silicon Forest.

Kokusai Semiconductor Equipment Corporation
$1,200,000

New construction of leading-edge semiconductor demonstration
facility. Kokusai is a Japanese company with an existing presence
in Oregon.

Quantum Metrology, LLC
$250,000

Quantum Metrology LLC, a Eugene-based startup, specializes in
advanced metrology techniques leveraging quantum effects,
proposing to develop cutting-edge semiconductor inspection
methods and tools to improve precision and efficiency in
manufacturing.

Valliscor, LLC
$345,000

Construction of a new facility in Albany to support expansion of
existing Oregon-based operations.

Tokyo Ohka Kogyo America (TOKA)
$2,900,000

Expansion of existing manufacturing facility in Hillsboro. TOKA is a
Japanese company with a long history of operations in Oregon.

TOTAL $12,195,000

The Oregon CHIPS Act, signed into law during the 2023 legislative session, dedicated $240 million to develop a grant and loan program to support semiconductor businesses looking to locate or expand in Oregon. This landmark legislation is intended to maximize the economic opportunity provided through the federal CHIPS and Science Act and support the national effort to regain technological leadership and manufacturing capabilities in the semiconductor sector.

Earlier this year, Governor Tina Kotek announced contracts were in place for the initial round of awards, with projects from Intel, Hewlett-Packard, Microchip, Lam Research, Siltronic, and Analog Devices, Inc. Three of these projects have also been awarded funding from the federal CHIPS Act and Science Act. Also, Governor Kotek recently announced a public meeting taking place October 10 in Hillsboro to discuss the proposal to expand the city’s Urban Growth Boundary to increase competitiveness for manufacturing projects in the region.

The Oregon CHIPS Act also funds $10 million to help communities prepare shovel-ready land for
manufacturing sites, and $10 million for a University Innovation Research fund to help public universities
secure federal research grants. For more information on the progress and economic impact of Oregon CHIPS and the state’s other programs supporting the semiconductor industry, see Business Oregon’s web site or the Oregon CHIPS Report 1, published September 2024.