# Polar Semiconductor awarded $123M CHIPS grant for Minnesota expansion

The U.S. Department of Commerce awarded Polar Semiconductor up to $123 million in direct funding under the CHIPS and Science Act to expand and modernize its manufacturing facility in Bloomington, Minnesota. The investment is expected to almost double U.S. production capacity of sensor and power chips within two years, catalyzing over $525 million in total investment and creating over 160 jobs.

- Type: Investment
- Announced: 2024-07-25
- Where: Bloomington, Minnesota, United States
- Value: $123.0M
- Jobs: 160
- Starts operating: 2026
- Status: announced
- Capacity: double production capacity to ~40,000 wafer starts
- 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)
- [U.S. Department of Commerce](https://endata.com/companies/74718.md) (investor)

## Sources

- [nist.gov](https://www.nist.gov/chips/polar-semiconductor-minnesota-bloomington), 2024-07-25: "The CHIPS incentive award catalyzes an investment of more than $525 million from private, state, and federal sources to transform Polar from a majority foreign-owned in-house manufacturer to a majority U.S.-owned commercial foundry"
- [commerce.gov](https://www.commerce.gov/news/press-releases/2024/09/biden-harris-administration-announces-first-chips-commercial), 2024-09-01: "Today's announcement that the Department of Commerce has finalized the first commercial CHIPS Incentives award with Polar Semiconductor marks the next phase of the implementation of the CHIPS and Science Act."

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