HP secured a preliminary grant of $50 million under the US CHIPS Act to support expansion and modernization of a microfluidics technology facility in Corvallis, Oregon.
HP CEO Enrique Lores said the funds would help further micdrofluidics technology, the study of the behavior and control of fluid on a microscopic scale. “Microfluidics has the potential to drive revolutionary changes across industries, delivering speed, efficiency and precision, to help pave the way for the next generation of innovation in life sciences and technology,” he said in a statement.
The expansion would bolster a lab-to-lab ecosystem HP has created in Corvallis, while HP has also opened the campus to collaborations with academic institutions and startups in R&D. HP said it will use 100% renewable electricity to power its global operations by 2025
The CHIPS and Science Act was passed two years ago and has allocated more than $32 billion in proposed funding across 16 states and has helped catalyze $400 billion in private investments, CHIPS for America officials said. The projects will create an estimated 115,000 jobs.
“It is imperative we continue to curate and grow a US semiconductor ecosystem where fabe are receiving the latest technology onshore and then bringing those innovations to market,” said Laurie Locascio, Under Secretary of Commerce for Standards and Technology. Officials said end markets that could be affected by the HP work include life sciences instrumentation and technology hardware used in AI applications.