Wednesday, August 13, 2014

Intel To Invest $100 Billion In Oregon

Chip maker Intel is investing $100 billion in investment in Oregon, as part of a new deal this week with Washington County and the city of Hillsboro which gives the company thirty years worth of property tax breaks. According to the agreement, the investment from Intel will primarily will be in semiconductor manufacturing equipment and facilities, which the groups said would promote job retention of its semiconductor manufacturing and semiconductor technology development work force. The deal supplements earlier, property tax breaks given to the semiconductor company. The investments are being made on two of Intel's local facilities, its Aloha and Ronler Intel campuses.