The company will invest $100 billion in its Washington County plants and facilities over the next 30 years.
The agreement is considered a job-retention program and the $100 billion represents new money that Intel expects to invest in research, development and manufacturing on its Washington County campuses.
The agreement was hammered out under Oregon’s Strategic Investment Program, a public-private partnership that has spurred billions of dollars in investment in Oregon in the past 20 years. In March 2014, Intel notified the county and the city that it wanted to begin formal negotiations to develop a new SIP agreement.
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