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The semiconductor company is one of Oregon’s biggest employers with more than 20,000 workers in the state. Intel is laying off thousands, including many in Hillsboro.
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After reporting a more than $1 billion loss, the chipmaker said in August it was slashing 15% of its workforce worldwide in an effort to cut costs
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Job cuts at Nike and Intel highlight how Oregon’s employment growth has slowed to a snail’s space, but economists say it may not spell long-term trouble.
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Kotek is getting ready to dole out $240 million that could lead to more than $40 billion in investments.
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The payment represents a major piece of the $260 million lawmakers set aside for the industry this year.
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The House approved Senate Bill 4 with broad bipartisan support. Lawmakers will next consider tax breaks for semiconductor companies.
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Oregon lawmakers are racing to create more space for the chip industry. Farm owners outside Hillsboro are conflicted about the fate of their land.
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Dozens of Oregon cities and towns say a shortage of shovel-ready industrial land has cost them economic opportunities. And they can’t afford the infrastructure to prepare that land for development.
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As more information is being transferred and stored on the Internet, cybersecurity is emerging as a highly sought after employment field. The demand has…