Mike Rogoway

1 week ago | oregonlive.com | Mike Rogoway

Intel has opted not to sell its 50-acre Hawthorn Farm campus in Hillsboro, choosing to retain the property for critical engineering work after a five-month review of the site’s future. “After a thorough assessment, we’ve decided Hawthorn Farm will remain open due to essential activities contributing to Intel’s strategy,” the chipmaker said in a note to Oregon employees. It did not specify what that essential work consists of and declined to elaborate.

1 week ago | oregonlive.com | Mike Rogoway

Intel said Monday it has found a buyer to take a majority stake in Altera, its programmable chip business, partially unwinding a failed deal from a decade ago. Private equity firm Silver Lake will acquire 51% of Altera in a transaction that values the business at $8.75 billion. That’s about half of the $16.7 billion Intel paid for Altera in 2015.

1 week ago | oregonlive.com | Mike Rogoway

President Donald Trump’s trade war is focused on reversing the American trade deficit, reducing the money Americans spend to buy products from overseas while increasing domestic manufacturing. But some states already have a trade surplus, which means the value of their exports exceeds the value of what they buy from other countries. That includes Oregon, which shipped $34 billion in products to destinations around the world last year, according to federal data.

1 week ago | tdn.com | Mike Rogoway

Seventy-two people working at Smurfit Westrock’s North Portland cardboard box plant will lose their jobs when the company begins shutting down the facility in June. Smurfit Westrock notified state workforce officials of the pending closure Tuesday. The company — based in Ireland and also has a Longview location — did not explain its decision and did not respond to a request for additional information.

1 week ago | oregonlive.com | Mike Rogoway

Oregon’s minimum wage will rise by 35 cents an hour on July 1, state labor officials announced Friday. The state raises its minimum wage every year to keep pace with inflation, as measured by the Consumer Price Index. High inflation rates since the pandemic have thereby pushed the minimum wage up sharply over the past three years. The amount varies, though, because Oregon has three different minimum wages to account for variances in the cost of living in different parts of the state.