Investments in the semiconductor industry would transform Oregon’s economic and fiscal outlook.
High-tech manufacturers sit at the center of the traded sector, are highly productive, draw on diverse supply chains of businesses of all sizes, and compensate their workers well. In Oregon, semiconductor and high-tech manufacturers have outperformed national GDP and employment growth trends throughout the last two decades. Notably, among other high-tech and semiconductor-producing states, Oregon had the highest share of semiconductor economic output relative to the total economic output of the Computer & Electronics industries, and is 48 percentage points above the national average. The sector also supports jobs across the state, drives demand in other industries, and enables the provision of public services. Taking advantage of Oregon’s comparative advantage in the semiconductor industry would allow for transformational growth to occur quickly and provide broad benefits to the entire Oregon economy.
Read more about our project that modeled the potential economic and fiscal impacts of a semiconductor industry expansion here.