Polar Semiconductor secures $123M CHIPS award for Minnesota expansion

Polar Semiconductor received a $123 million contract from the U.S. Department of Commerce under the CHIPS Incentives Program to expand and modernize its Bloomington, Minnesota facility, doubling production of sensors and power chips and creating over 160 jobs.

“The Biden-Harris Administration’s investment in Polar will create a new U.S.-owned foundry for sensor and power semiconductors and modernize and expand Polar’s facilities in Minnesota.”executivegov.com

• 1 source
• executivegov.comPolar Semiconductor Secures $123M From Commerce to Expand FacilityMiles JamisonSep 25, 2024

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