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Oregon Business News
Oregon Business News and Local Stories.
World Leading Asian Company Eyes Major Stake in Intel’s U.S. Operations: A Game-Changer for…
A major stake in Intel’s U.S. factories by a leading Asian semiconductor manufacturer could be on the cards following discussions with Trump administration officials, according to a Bloomberg report.
An insider who wishes to remain…
Joann Craft Store Bankruptcy Proposal to Close Half of All Locations Nationwide, Including Grants…
National fabric and crafts retailer Joann filed for Chapter 11 bankruptcy on Wednesday and sought court approval to close over half its stores. This filing is the second in under a year, and two Southern Oregon stores, including Joann…
Two Oregon Businesses Guilty of Negligent Endangerment for Discharging Asbestos into the Environment
An Oregon construction company and a property management company face hefty fines and possible imprisonment for discharging asbestos into the environment, violating the Clean Air Act.
On Friday, the companies and their owners pleaded…
Jaguar Land Rover to Invest $180M in Portland for Next-Gen Self-Driving Tech
PORTLAND, Ore. — Jaguar Land Rover (JLR) announced plans to invest $180m into its Portland, Oregon, engineering facility yesterday. The funds are intended as part of the carmaker's global drive to join next-generation connectivity and…
Oregon Wine Industry Sees First Sales Drop in a Decade Amid Shifting Consumer Tastes
The University of Oregon's annual Vineyard and Winery Census confirmed a national decline in wine demand, with a drop of 2.6% in wine sales in 2023 from the previous year- the first drop in a decade.
Oregon Wine Industry Facing…
Biggest Job Losses in Oregon Last Month Were in Semiconductor and Electronic Manufacturing
Cutbacks in the semiconductor and electronic component manufacturing industries were responsible for the highest number of job losses in Oregon in December.
Cutbacks in these two industries numbered 1,500, according to a news release…
Analog Devices Portland Factories Awarded $105 Million In CHIPS Act Funding
PORTLAND, Ore. — The Commerce Department announced yesterday that Analog Devices Inc. will receive $105 million in the latest round of federal CHIPS Act awards. The funds are earmarked to upgrade Analog’s factories in the suburbs around…
$53 Million CHIPS Act Funding Awarded To HP For Oregon Research & Manufacturing
On Monday, the Biden Administration confirmed a $53 million award under the CHIPS (Creating Helpful Incentives to Produce Semiconductors) Act to HP Inc. to expand research and manufacturing in Corvallis.
HP Oregon Gets $53…
Two Macy’s Stores and One Kohl’s Outlet Will Close in Oregon Within the Next Few Months
Oregon is losing two Macy’s stores and a branch of Kohl’s this year.
Macy’s in Hillsboro and Salem Will Close
The two Macy’s stores closing doors are The Streets of Tanasbourne at 2055 NE Allie Avenue in Hillsboro and the Salem…
Oregon OSHA Withdraws All but One of its Safety Citations Against Amazon
An ongoing Occupational Safety and Health Administration (OSHA) investigation into safety practices at the Amazon operations network has been withdrawn, apart from one ergonomic citation.
This Ends Investigation Ongoing Since…