Corvallis Tech Company Sells For $541 Million

Inpria, a small Corvallis tech business, was purchased by JSR Corporation, a Japanese semiconductor materials company, for $541 million on Friday, Sept.17.   

Inpria originally branched off from Oregon State University’s Department of Chemistry in 2007. OSU has maintained some stake in the business, though a confidentiality agreement prevents them from saying how big of a stake. Of the company’s 50 employees, 45 of them are Oregon residents.   

Having specialized in manufacturing advanced computer chips, Inpria works in extreme ultraviolet lithography (EUV), a process that shrinks the size of patterns imprinted on computer chips — a key to the modern-day chips. The smaller patterns allow for faster computing and greater energy efficiency. Perhaps ironically, the machines required for this process are roughly the size of a bus. Inpria uses a light-sensitive material called metal oxide photoresists to reduce defects.  

Computer chips make up a significant part of Oregon’s industries, totaling 60% of annual exports. In light of global electronics shortages, Oregon’s chip industries have been growing; Intel is the state’s largest employer, with 21,000 employees at their Washington County campuses.  

JSR Corp. established a broader presence in Oregon back in 2019, when construction began on a $100 million factory up in Hillsboro. Still, Inpria has alleged that it will retain its Corvallis operation and function separately from the petrochemical company’s sites in Hillsboro and Beaverton.  

By Jalen Todd