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Government shutdown looms after Trump-backed bill fails; Environmental groups sue CA Air Resources Board over biogas credits; NY elected officials work to electrify municipal buildings; Need a mental health boost? Talking hot dog is here.

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President-elect Trump repeats his threats to jail Jan. 6th committee members, while also putting a stop-gap spending plan in jeopardy. A court removes Fani Willis from Trump's Georgia election interference case. The FAA restricts drones in New Jersey, and a Federal Reserve rate cut shakes markets.

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Rural folks could soon be shut out of loans for natural disasters if Project 2025 has its way, Taos, New Mexico weighs options for its housing shortage, and the top states providing America's Christmas trees revealed.

OR business a recipient for fed semiconductor investments

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Friday, September 27, 2024   

The Biden administration has made more investments in revitalizing the U.S. semiconductor industry, including in an Oregon company.

Seventeen businesses will receive $5 million under the Small Business Innovation Research Program, part of the CHIPS for America Act passed by Congress in 2022.

The Provenance Chain Network, a Portland-based company, provides supply-chain transparency for semiconductors parts. Jeffrey Gaus, the company's founder and CEO, said the pandemic proved how critical the supply chain is.

"They set out with the CHIPS Act to promote re-shoring, near-shoring - basically the reconfiguration of the semiconductor supply chain," he said. "As part of that, there was a lot of capital put into that bill to support supply-chain innovations, and we're one of the recipients of that."

Under the CHIPS for America Act, more than $32 billion has been allocated across 16 states. The Biden administration has said the law will create 115,000 jobs.

Gaus lauded Gov. Tina Kotek, and Gov. Kate Brown before her, for convening semiconductor task forces, and credited state lawmakers as well.

"If you take a look at what the Oregon Legislature has done," he said, "the amount of money that we have approved as a state to support the industry on a per capita basis is of the highest in the country."

Gaus said Oregon will likely continue to lead in semiconductor design. However, he said he thinks there are challenges to luring manufacturing to the state, including the high cost of housing.

Gaus said he believes the semiconductor industry will make its way back to the United States over the next few decades. He added, however, that the CHIPS for America Act is only the first part of that process.

"This is just the beginning of what we need to do," he said, "to revitalize the semiconductor industry and return this nation to its former prominence."


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