The U.S. Department of Commerce awarded up to $53 million in direct funding to HPI Federal LLC under the CHIPS and Science Act to support the expansion and modernization of the existing facility of HP Inc. (“HP”) in Corvallis, Oregon, which is part of HP’s “lab-to-fab” ecosystem in the region that spans from research and development (“R&D”) activities to commercial manufacturing operations. Through this investment, the Department will help enhance U.S. technological leadership by driving innovation of groundbreaking semiconductor technologies that serve important end markets, notably including life sciences.
Rooted in HP’s expertise in microfluidics and microelectromechanical systems (“MEMS”), the company’s innovative technology provides a unique pathway to drive improved performance and efficiency of semiconductor-based hardware. Among other products, the CHIPS funding would support the manufacturing of silicon devices that are key components of life sciences lab equipment which are used in drug discovery, single-cell research, and cell line development. By leveraging HP’s expertise in microfluidics and MEMS, these devices allow for increased speed and precision during life sciences R&D. The company’s devices serve important focus areas for public health initiatives and enable performance efficiencies for partner institutions across academia, government, and the private sector including Harvard Medical School, the Centers for Disease Control and Prevention, and Merck.
The development and expansion facilitated by the CHIPS funding would bolster the lab-to-fab ecosystem that HP has established in Oregon, which also serves as one of three R&D Centers for Excellence within the company’s global footprint. In addition to continued domestic investment in the company’s internal research and development, HP has opened its Corvallis campus to collaborative R&D efforts with academic institutions and startups. Of note, HP donated a 25-year lease of a portion of its Corvallis campus to Oregon State University (OSU) – this 80,000 sq. ft. manufacturing and R&D facility has incubated 39 different companies, including 20 that spun out from OSU faculty and students. The Corvallis campus provides resources and tools for startups and entrepreneurs to build innovative products locally in Oregon and provides an opportunity for these companies to grow and reinvest in the domestic ecosystem.
HP Inc. Project Overview | ||
|---|---|---|
Project Summary | Recipient | HPI Federal LLC |
| Location(s) | Corvallis, Oregon | |
Financial Summary | Program | CHIPS Program Office |
| Direct Funding Amount | Up to $53 million | |
| Expected Capital Expenditure | $489 million | |
Workforce Summary | Estimated Job Creation | Over 100 manufacturing jobs Nearly 150 construction jobs |
| CHIPS Workforce Funding | Up to $3 million | |
Project Statistics: Corvallis, Oregon | ||
|---|---|---|
Summary | Project Type | Expansion and modernization of HP’s existing facility |
| Technologies | Silicon devices that are key components of products incl. life sciences devices used in drug discovery, single-cell research, and cell line development | |
| Project Timeline | Target completion by 2029 | |