No, wrong decade and wrong split - the test & measurement equipment and scientific equipment was long gone from HP at the time of the HP -> HP inc + HPE split. It ended up in Agilent (1999) and from there Keysight.
HP semiconductors went HP -> Agilent -> Avago, now broadcom.
Interesting, had no idea they used to make proper lab equipment
I've got two garages full of 80's and 90's HP lab equipment, and most of it even works. In that era, HP had the best hardware design/production capability in the world.
Unfortunately, in the same era, their software was almost always complete crap. I think the same rigid processes and controls that allowed them to make great hardware were the reason their software was awful. Their rigid processes made changing the software difficult, so it was harder for the devs to improve (and they usually didn't bother).