Chance to host semiconductor factories under CHIPS Act has Oregon reconsidering rules against urban sprawl [Fortune]
HP Inc. (HPQ)
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Source: Fortune
Just over the horizon loomed a gigantic building of the semiconductor chipmaker Intel For exactly 50 years, the farms and forests that ring Oregon's metropolitan centers have been protected from urban sprawl by the nation's first statewide law that placed growth boundaries on cities. Cities cannot expand beyond those borders unless they make a request and justify it. Approval by cities and counties can take months or even a few years (larger expansions also need approval by the Oregon Department of Land Conservation and Development). But now, a bill being considered in Oregon's Legislature could authorize the governor to unilaterally expand those boundaries as part of Oregon's quest to lure chip companies and provide land for them to build their factories. The measure would also provide $200 million in grants to chipmakers. Farmers and conservationists are deeply worried about the proposal and what it will mean for a state that cherishes its open spaces. “One of the reasons we
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HPQ
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- 2/28/24 - In-Line
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- 4/24/24 - Form 4
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