US to award HP $50 mln for semiconductor tech project

URLhttps://www.reuters.com/technology/us-award-hp-50-
SourceReuters
Date Published09/03/2024
Author NameDavid Shephardson

Additional Reshoring Information:

Company/Division name Hewlett Packard
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):50
City reshored to:Corvalis
State(s) reshored to:OR
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Under-utilized capacity
Government Incentive dollar amount:$50 mil U.S. Commerce Dept grant
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