Polar Semiconductor awarded $120M in Chips Act funding for major expansion project...

(ENRMidwest, May 13 2024) Chipmaker Polar Semiconductor plans to expand its manufacturing facility in Bloomington, Minn., with $120 million in federal funding from the CHIPS and Science Act, the company and U.S. Dept. of Commerce officials announced May 13. Polar says it expects to spend $525 million on the project. See the link for details.

https://www.enr.com/articles/58634-feds-offer-polar-semiconductor-120m-toward-minnesota-plant-expansion