Will Shanklin has been writing about gadgets, tech and their impact on humanity since 2011. Before joining Engadget, he spent five years creating and leading the mobile technology section for New Atlas. His work has also appeared on SlashGear, TechRadar, Digital Trends, AppleInsider, Android Central, HuffPost and others.
funding. The Biden-Harris Administration said on Tuesday that the Department of Commerce has agreed to preliminary terms with the company to funnel up to $50 million into modernizing the company’s Oregon-based plant. The expansion of HP’s “lab-to-fab” facility, which combines R&D with chip manufacturing, is expected to create over 250 jobs.
Once finalized, HP’s funding would support the development of chips for life sciences lab equipment. This includes devices used for drug discovery, single-cell research and cell line development. HP says the expansion will also advance tech built for microfluidics, the study of the behavior and control of fluid on a microscopic scale.
The proposed $50 million funding is through a preliminary memorandum of terms . The non-binding agreement is “conditional on the achievement of certain milestones.” Having completed a merit review of HP’s application, the Department of Commerce will begin due diligence on HP’s proposed projects before the agency negotiates or refines its final funding terms.
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