Polar Semiconductor to receive $120M CHIPS Act funding for Bloomington expansion

The U.S. Department of Commerce announced preliminary terms to provide Polar Semiconductor up to $120 million in CHIPS Act funding to expand its Bloomington, Minnesota facility, doubling U.S. production capacity of sensor and power chips within two years and creating over 160 jobs.

“The expansion and modernization would enable Polar to double its U.S. production capacity of sensor and power chips within two years.”nist.gov

• 1 source
• nist.govBiden-Harris Administration Announces Preliminary Terms with Polar Semiconductor to Establish an Independent American Foundry | NISTMay 13, 2024

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