# 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.

- Type: Investment
- Announced: 2024-09-24
- Where: Bloomington, Minnesota, United States
- Value: $3.00M
- Jobs: 160
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Polar Semiconductor](https://endata.com/companies/44333.md)
- [U.S. Department of Commerce](https://endata.com/companies/74718.md) (investor)

## Sources

- [startribune.com](https://www.startribune.com/polar-semiconductor-chips-act-federal-fund-workforce-expansion/601150742), 2024-09-24: "We expect the funding will allow the company to double its U.S. production capacity."

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