Polar Semiconductor to receive $150M equity investment for wafer fab expansion in Minnesota

Polar Semiconductor, jointly owned by Allegro MicroSystems and Sanken Electric, is expected to receive a $150 million equity investment from One Equity Partners to expand 200mm sensor and high-voltage power wafer capacity at its Bloomington, Minnesota facility. Polar is also pursuing U.S. CHIPS Act funding.

“Polar Semiconductor is expected to receive a $150 million equity investment from an affiliate of One Equity Partners to expand 200 millimeter sensor and high voltage power wafer capacity at its fabrication facility in Bloomington, Minnesota.”allegromicro.com

• 1 source
• allegromicro.comPolar Semiconductor Investment and Expansion | Allegro MicroSystemsJan 29, 2023

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