Polar Semiconductor receives $120M CHIPS grant for Bloomington expansion

Polar Semiconductor will receive up to $120 million in federal funding under the CHIPS and Science Act to expand its Bloomington, Minnesota manufacturing facility, potentially doubling U.S. production capacity.

“Polar Semiconductor will receive up to $120 million in federal funding as part of the CHIPS and Science Act to expand its Bloomington manufacturing facility.”klobuchar.senate.gov

• 2 sources
• klobuchar.senate.govKlobuchar Announces Major Federal Investment for Polar Semiconductor’s Bloomington Manufacturing Facility - News Releases - U.S. Senator Amy KlobucharMay 13, 2024
• reuters.comPolar Semiconductor set to gain US government grant of $120 million | ReutersDavid ShepardsonMay 13, 2024

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