Oregon Governor drops plans for rural industrial development as state's semiconductor research hub hopes fade.

Oregon Governor Tina Kotek has dropped plans to designate rural land for industrial development near Hillsboro, as the state's chances of securing a federally backed semiconductor research hub have significantly decreased. The state had been pursuing the project since the CHIPS Act passed in 2022, aiming to boost its semiconductor industry. However, with major research sites already going to New York and Silicon Valley, Oregon now faces uncertainty over whether it will receive the investment before the year's end.

3 months ago
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