# Niobrara Capital and Prysm Capital acquire Polar Semiconductor for $175M

US private equity firms Niobrara Capital and Prysm Capital completed the purchase of Polar Semiconductor for $175 million, enabling the ownership change required for the CHIPS funding.

- Type: Acquisition
- Announced: 2024-09-24
- Where: Bloomington, Minnesota, United States
- Value: $175.0M
- Jobs: 160
- Status: completed
- Products: power chips, sensor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [eenewseurope.com](https://www.eenewseurope.com/en/polar-semi-sale-unlocks-us-chip-cash/), 2024-09-24: "US private equity firms Niobrara Capital and Prysm Capital completed the purchase of the company for $175m today."
- [polarsemi.com](https://polarsemi.com/news/polar-semiconductor-receives-chips-award/), 2024-09-24: "Polar Semiconductor announced today that the company has completed its sale to Niobrara Capital and Prysm Capital."

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