Computer chip manufacturers upbeat about future growth

Computer chip manufacturing giant Broadcom Corporation said it is confident the company will continue to expand its workforce and outpace the rest of the industry through the end of this year. The news comes as another chip maker could save hundreds of jobs in Oregon.

Broadcom's chief financial officer, Eric Brandt, has been downplaying reports that the company was set to put a freeze on hiring due to a potential slow down in the chip market. Brandt told a group of investors the company is benefiting from the emerging smartphone and tablet markets, and will continue to invest in its business, according to the Wall Street Journal.

Brandt said Broadcom currently has hundreds of job openings listed on its website.

In Oregon, local officials in Hillsboro said an announcement by Alpha Omega Semiconductor Limited to buy a local chip company could help retain hundreds of jobs at the plant.

The Associated Press reports if Alpha Omega completes the $26 million buyout, it will make its own chips at the site, which currently employs 275 people. The deal is expected to be completed by the end of this year.