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 ...

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 ...

Those expansion plans come after the awarding of $123 million in federal funds, as part of the CHIPS and Science Act — an initiative to bring microchip manufacturing back to the U.S.

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 ...

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 ...

BLOOMINGTON, Minn. — A Minnesota semiconductor manufacturer will receive $123 million in federal funds to expand and modernize its facility in Bloomington. U.S. Senator Amy Klobuchar (D-MN ...

BLOOMINGTON, Minn.--(BUSINESS WIRE)--Polar Semiconductor (“Polar” or the “Company”), the only U.S.-based manufacturer specializing in sensor, power, and high ...

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 ...

BLOOMINGTON, Minn., January 15, 2025--Polar Semiconductor ("Polar"), the only U.S.-owned merchant foundry specializing in sensor, power and high-voltage semiconductors, announced that it has ...

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 ...

Polar Semiconductor Inc. planning MN expansion with help from CHIP Act The Bloomington company could add more than 50% capacity by next year. Building won't be a problem, but hiring could be.