Sanken Electric

Polar Semiconductor, jointly owned by Allegro MicroSystems and Sanken Electric, is expected to receive a $150 million equity investment from One Equity Partners to expand 200mm sensor and high-voltage power wafer capacity at its Bloomington, Minnesota facility. Polar is also pursuing U.S. CHIPS Act funding.

One Equity Partners completed a minority investment of $291 million in Sanken North America, acquiring 28.8% of newly issued shares. The proceeds will be returned to Sanken Electric as a special dividend.