HP is set to benefit from funding under the CHIPS and Science Act, with the Department of Commerce announcing up to $50m in funding for the technology firm to support the development and commercialisation of semiconductor technologies.
If approved, the funding will be used to expand and modernise HP’s microfluidics semiconductor fab in Corvallis, Oregon. The site is part of the company’s lab-to-fab ecosystem and is home to several research and development (R&D) activities.
Enrique Lores, President and CEO of HP, says that microfluidics could drive changes across industries to pave the way for the next generation of innovation in life sciences and technology.
“The proposed investment provides HP with an opportunity to modernise and expand our facility to further invest in our microfluidics technology, which is the study of behaviour and control of fluid on a microscopic scale.”
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