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The new owner of a long-shuttered Oregon electronics plant expects to bring hundreds of new jobs to the facility in the coming years.
Stratacache plans to add 100 jobs at the former Hynix computer chip factory in Eugene by the middle of next year and hundreds more in subsequent years, city economic strategies manager Anne Fifield told the Eugene Register-Guard. Stratacache, an Ohio manufacturer of video display screens, purchased the property at auction this spring for $6.3 million.
Hynix, a South Korean chip semiconductor giant, built the factory for $1.5 billion in 1998 but closed it 10 years later amid a slump in the chip market. The property later sold to tech manufacturer Corning and fellow semiconductor giant Broadcom, but was never reopened.
At its height, Hynix employed 1,400 workers at the plant.
Chris Riegel, Stratacache’s CEO, previously told the Portland Oregonian that the company plans to produce next-generation displays known as MicroLEDs at the Eugene plant.
“This is a really good fit,” Fifield told the paper. “They’re going to be good jobs.”
Image Credit: Courtesy of Jones Lang LaSalle Brokerage
