# 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.

- Type: Expansion
- Announced: 2024-09-24
- Where: Bloomington, Minnesota, United States
- Value: $525.0M
- Jobs: 160
- Starts operating: 2025
- Status: announced
- Capacity: double production capacity
- Products: sensor wafers, power semiconductors, high-voltage wafers, compound semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Polar Semiconductor](https://endata.com/companies/44333.md)
- [Sanken Electric](https://endata.com/companies/27344.md) (partner)
- [Allegro MicroSystems](https://endata.com/companies/28898.md) (partner)

## Sources

- [polarsemi.com](https://polarsemi.com/news/polar-semiconductor-receives-chips-award/), 2024-09-24: "Polar expects to invest approximately $525 Million in the expansion of the facility over the next two years."
- [semimedia.cc](https://www.semimedia.cc/polar-semiconductor-secures-123-million-in-chips-act-funding-for-capacity-expansion/), 2024-10-08: "Polar Semiconductor has secured $123 million in funding under the U.S. CHIPS Act to expand its facility in Minnesota, aiming to double its monthly wafer production capacity from 20,000 to 40,000."

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