# 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.

- Type: Investment
- Announced: 2023-01-26
- Where: Bloomington, Minnesota, United States
- Value: $150.0M
- Status: announced
- Products: 200mm sensor wafers, high-voltage power wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Polar Semiconductor](https://endata.com/companies/44333.md)
- [One Equity Partners](https://endata.com/companies/710.md) (investor)
- [Sanken Electric](https://endata.com/companies/27344.md) (investor)
- [Allegro MicroSystems](https://endata.com/companies/28898.md) (investor)

## Sources

- [allegromicro.com](https://www.allegromicro.com/en/about-allegro/newsroom/press-releases/2023/polar-semiconductor), 2023-01-29: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.