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May 13, 2023

Oregon Legislature authorizes urban growth expansion for chipmakers

The Oregon Legislature has recently authorized an urban growth expansion for chipmakers in the state. This move is aimed at attracting more semiconductor companies to the region and boosting the state's economy. The expansion will allow chipmakers to build new facilities in urban areas, which will provide them with better access to infrastructure and resources. This will also help to reduce the cost of transportation and logistics, making it easier for companies to move their products to market. The move comes at a time when the semiconductor industry is experiencing a surge in demand due to the COVID-19 pandemic. With more people working from home and relying on technology for communication and entertainment, the demand for semiconductors has skyrocketed. Oregon is already home to several major semiconductor companies, including Intel, which has its largest manufacturing facility in the state. The expansion is expected to attract even more companies to the region, creating new jobs and boosting the local economy. The state has been working to attract semiconductor companies for several years, offering tax incentives and other benefits to companies that choose to locate in the region. The expansion of urban growth boundaries is just the latest effort to make the state more attractive to chipmakers. The move has been welcomed by industry leaders, who see it as a positive step towards creating a more robust semiconductor industry in the United States. With many companies currently relying on overseas manufacturing, the expansion could help to bring more production back to the US. Overall, the expansion of urban growth boundaries for chipmakers in Oregon is a positive development for the state and the semiconductor industry as a whole. It is expected to create new jobs, boost the local economy, and help to strengthen the US semiconductor industry.