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Polar Semiconductor receives $123M in CHIPS Act money — company named as the first CHIPS Act awardee
Polar Semiconductor, a Minnesota-based manufacturer of sensor and power semiconductors, is the first company to be awarded under the CHIPS program, ahead of several other prospective recipients ...
Star Tribune1y
Polar Semiconductor lands up to $120 million from CHIPS program
A crowd of Polar Semiconductor employees leapt to their feet at the company’s Bloomington headquarters Monday morning, giving a standing ovation to President Surya Iyer and the $120 million of ...
Bloomberg L.P.9mon
US Finalizes First Binding Chips Award With Polar Semiconductor
The Biden administration has finalized its first binding award under the Chips and Science Act: a $123 million grant to Polar Semiconductor that officials say could double the company’s US ...
KSTP-TV9mon
Polar Semiconductor received $123 million of federal funds with plans to expand
Walk into the clean room at Polar Semiconductor, and you’ll encounter a different world. Anyone who enters is required to wear protective clothing. A row of chambers is bathed in yellow light ...
Yahoo Finance1y
Polar Semiconductor set to gain US government grant of $120 million
WASHINGTON, May 13 (Reuters) - Polar Semiconductor is set to receive a $120 million U.S. government grant to expand its plant in Minnesota, which will allow the company to double its U.S ...
Nasdaq1y
Enablence Technologies and Polar Semiconductor Sign Strategic Agreement to Develop and Manufacture Optical Chips
With many new products in the development pipeline designed to address datacom, telecom, LiDAR, and industrial automation growth opportunities, the collaboration with Polar Semiconductor provides ...
KARE 119mon
Bloomington's Polar Semiconductor to receive $123M in federal funding to expand, double production capacity
U.S. Senator Amy Klobuchar (D-MN) announced the grant Tuesday, saying Polar Semiconductor is the first company in the country to move from a preliminary agreement to an actual award. The money is ...
Yahoo Finance5mon
Polar Semiconductor Announces New Technology to Support U.S. National Security With Domestic Manufacturing of High Voltage Power Management Devices
Polar has finalized an agreement to License Tower Semiconductor’s Robust TS18PM Power Semiconductor Technology. Polar Gains a Versatile Process Design Kit (PDK) and will enable Onshore ...
Business Wire1y
Polar Semiconductor Announces Plans to Expand Semiconductor Manufacturing Facility in Minnesota
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Polar Semiconductor (“Polar” or the “Company”), the only U.S.-based manufacturer specializing in sensor, power, and high ...
Star Tribune2y
Polar Semiconductor eyes federal subsidies to help double output of Bloomington plant
Polar Semiconductor hopes federal subsidies will help fund a technology upgrade that will cost at least $420 million and double the output at the Bloomington plant. Expansion and how to fund it is ...
KARE 112y
Polar Semiconductor Inc. planning MN expansion with help from CHIP Act
The CEO of Polar Semiconductor Inc, based in Bloomington, says the CHIPS Act could help the company expand capacity quickly - potentially within the year - without having to break any new ground.