# 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.

- Type: Investment
- Announced: 2024-05-13
- Where: Bloomington, Minnesota, United States
- Value: $120.0M
- Jobs: 160
- Starts operating: 2026
- Status: announced
- Capacity: double U.S. production capacity of sensor and power chips
- Products: sensor chips, power chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Polar Semiconductor](https://endata.com/companies/44333.md)

## Sources

- [nist.gov](https://www.nist.gov/news-events/news/2024/05/biden-harris-administration-announces-preliminary-terms-polar-semiconductor), 2024-05-13: "The expansion and modernization would enable Polar to double its U.S. production capacity of sensor and power chips within two years."

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