Polar Semiconductor to invest $525 million in Bloomington expansion
Polar Semiconductor will invest $525 million to expand its Bloomington manufacturing facility, doubling manufacturing capacity and creating 160 new jobs, with $120 million from the CHIPS Act and $75 million from the State of Minnesota.
Capacity
doubling manufacturing capacity
Productssemiconductors
“Polar Semiconductor will invest $525 million to expand its Bloomington manufacturing facility, leveraging $120 million in direct funding as part of the U.S. CHIPS and Science Act and a $75 million investment from the State of Minnesota.”greatermsp.org
- 4 sources
- greatermsp.orgFederal and State funding award kicks off new growth in Minnesota’s semiconductor industry - Minneapolis Saint Paul Economic Development | Greater MSPMay 13, 2024
- polarsemi.comPolar to Expand Semiconductor Manufacturing Facility in MinnesotascribeMay 13, 2024
- plantservices.comPolar Semiconductor receives $120 million from the CHIPS Act to expand Minnesota plant | Plant ServicesAlexis GajewskiMay 14, 2024
- eenewseurope.comPolar Semi in $525m power fab expansion to become US owned ...Nick FlahertyMay 14, 2024
Summarized from public sources; check the original articles before acting on it.
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