# 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.

- Type: Contract
- Announced: 2024-09-25
- Where: Bloomington, Minnesota, United States
- Value: $123.0M
- Jobs: 160
- Status: announced
- Products: sensors, power semiconductor devices
- 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) (customer)

## Sources

- [executivegov.com](https://www.executivegov.com/articles/polar-semiconductor-123m-commerce-investment), 2024-09-25: "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."

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