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Oregon Business News
Oregon Business News and Local Stories.
Intel CEO Pat Gelsinger Departs Amidst Challenges To Turnaround Plan
Intel CEO Pat Gelsinger announced his resignation on December 1 following a board meeting last week. According to a report from Reuters, the board of directors felt the ambitious plan to turn Intel around was not working, and the change was…
Intel Will Receive $7.9 Billion in Federal Funding to Expand Facilities in Oregon and Elsewhere
The chips are falling into place for Intel following yesterday’s announcement by the Commerce Department that the semiconductor manufacturer will receive the first $1 billion of CHIPS Act funding before the end of the year.
Intel will…
Oregon-based Lattice Semiconductors Mulling Purchase Of Intel’s Altera
Oregon-based Lattice Semiconductors is exploring a bid to buy part of Altera, Intel's programmable chip business. Bloomberg reported that the Hillsboro firm, Lattice, is seeking a private equity backer.
Offer Being Considered for…
PacifiCorp Workers Must Return Full-Time to the Portland Headquarters
Employees of the electric utility, PacifiCorp, can no longer work from home.
They have been instructed to work permanently from the company’s Northeast Portland headquarters from January 6.
Many PacifiCorp workers opted to work…
Trump’s Planned Increased Tariffs is Impacting Two Major Oregon Sportswear Companies
Donald Trump’s plan to increase tariffs by more than 60% on goods imported from China is already impacting two of Oregon’s major sportswear corporations, Nike and Columbia, the North American headquarters of Adidas.
The incumbent…
Nvidia Knocks Intel Off Dow Jones Industrial Average Spot
Changes in the semiconductor industry are reflected in the blue-chip Dow Jones Industrial Average Index as Nvidia replaces Intel after gaining over 170% this year, while Intel lost over half its value.
Intel Falls Behind Nvidia…
Oregon Remains in Contention for the Only Remaining Semiconductor Research Center
Oregon may have lost out to New York and California in its bid for a semiconductor technology center funded by the CHIPS Act of 2022 but remains in contention for the prototype and packaging hub.
Over the last two days, the Biden…
Fred Meyer & QFC Agreement Reached With Oregon Workers: Union Approves New Contract
After months of negotiations, workers at grocery chains Fred Meyer and QFC in Oregon and southwest Washington ratified a three-year contract that covers wage increases, stronger health care coverage and dental benefits, and retirement…
1,035 Oregonians Face Job Losses When Wells Fargo Withdraws from Three State Locations
UPDATE: Wells Fargo Lays Off More Than 700 Oregon Employees
Wells Fargo is pulling out of its three Oregon Global Operations business branches, placing the jobs of 1,035 employees in jeopardy. The bank has announced that it will…
Amazon’s Eastern Oregon Data Centers To Run On Nuclear Energy
Amazon announced last week that it had reached an agreement with several energy companies to develop and build small modular nuclear reactors (SMRs) to add to the energy mix in its data centers along the Columbia River in Umatilla and…