Polar Semiconductor receives additional $3M CHIPS Act funding for expansion

Polar Semiconductor received an additional $3 million from the CHIPS and Science Act to support workforce recruitment, training and retention for its expansion in Bloomington, Minnesota. The total project budget is over $525 million, and the expansion is expected to double U.S. production capacity and create over 160 jobs.

“We expect the funding will allow the company to double its U.S. production capacity.”startribune.com

• 1 source
• startribune.comBloomington chip maker Polar lands more federal funds for its expansionBurl GilyardSep 24, 2024

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