The Oregon House Committee on Economic Development, Small Business, and Trade convened on March 19, 2025, to discuss significant legislative measures aimed at bolstering the state's semiconductor industry and fostering economic development. The meeting included a public hearing on House Bills 2277 and 2322, both of which are committee bills designed to enhance Oregon's competitive edge in the semiconductor sector.

House Bill 2277 proposes a study on the semiconductor industry and includes a key amendment that allows the Oregon Business Development Department and the governor to award grants and loans from the Oregon Chips Fund. This funding is targeted at businesses that have not sought federal semiconductor financial assistance but qualify as covered entities. Notably, the bill removes the requirement for the Oregon Chips Fund to return unspent funds to the general fund by June 30, 2025, and sets a spending limit of $40 million for the 2027 biennium. The bill is designed to take effect immediately upon passage, reflecting the urgency of supporting this critical industry.

House Bill 2322, while currently a study bill without amendments, is expected to receive further updates aimed at promoting economic development in Oregon. Representative Daniel Winn, who participated in the 2023 joint committee on semiconductor initiatives, emphasized the importance of seizing the opportunity presented by the semiconductor industry despite increasing competition. He highlighted the need for Oregon to refine its strengths and adapt to the evolving landscape of the industry.

The committee's discussions underscored a commitment to innovation and economic resilience, with members expressing optimism about Oregon's potential to lead in semiconductor manufacturing. The meeting concluded with a call for continued efforts to support local businesses and enhance the state's economic framework, setting the stage for future legislative actions.