Polar Semiconductor to invest $525M in Bloomington facility expansion

Polar Semiconductor expects to invest approximately $525 million in expanding its Bloomington, Minnesota manufacturing facility over the next two years, doubling production capacity and adding capabilities in compound semiconductors, sensors, and advanced power semiconductors.

“Polar expects to invest approximately $525 Million in the expansion of the facility over the next two years.”polarsemi.com

• 2 sources
• polarsemi.comPolar Semiconductor Receives CHIPS Award, Launching as a New Majority U.S.-Owned Foundry in MNscribeSep 24, 2024
• semimedia.ccPolar Semiconductor secures $123 million in CHIPS Act funding for capacity expansion - SemiMediaSemiMediaEditOct 8, 2024

Summarized from public sources; check the original articles before acting on it.