# Polar Semiconductor plans $525M expansion of Bloomington facility

Polar Semiconductor plans to invest approximately $525 million to expand its Bloomington, Minnesota manufacturing facility, doubling its domestic semiconductor production capacity from 20,000 to 40,000 200mm wafers per month. The project is expected to create over 160 new jobs and is supported by $120 million in proposed CHIPS Act funding and a $75 million investment from the State of Minnesota.

- Type: Expansion
- Announced: 2024-07-31
- Where: Bloomington, Minnesota, United States
- Value: $525.0M
- Jobs: 160
- Status: announced
- Capacity: 40,000 200mm wafers per month (after expansion)
- Products: sensor semiconductors, power semiconductors, high-voltage semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Polar Semiconductor](https://endata.com/companies/44333.md)
- [Niobrara Capital](https://endata.com/companies/77380.md) (investor)
- [Prysm Capital](https://endata.com/companies/77381.md) (investor)

## Sources

- [d2pmagazine.com](https://www.d2pmagazine.com/2024/07/31/polar-semiconductor-planning-to-expand-manufacturing-facility-in-minnesota/), 2024-07-31: "Our expanded manufacturing facility will allow us to increase capacity and branch into innovative technologies to serve new customers and markets"

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