Earlier this week we discussed the early expansion of some of the country’s biggest tech firms. Expanding on this theme, we’d like to point out more great news coming from some of our local technology companies.
In late October, Intel announced that it would invest as much as $8 billion in a new research factory in Hillsboro, creating thousands of jobs along the way. In the first week of November, Cascade Microtech reported third-quarter revenue of $25.3 million. This represents an 80.9% percent increase from the same period last year for the Beaverton semiconductor chip testing equipment maker. The same day, Hillsboro-based electron microscope maker FEI Co. reported its highest quarterly net bookings ever, its highest gross margin in more than eight years, and a significant increase in third quarter income.
This type of perseverance, growth, and success in the face of a tough economy is truly representative of what we’ve seen from Oregon businesses. We applaud this ability to thrive and are proud to serve a state consistently making its name at the forefront of enterprise.