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Will Polar Semiconductor's expanded plant produce its first chips by Q2 2026?
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Official announcements from Polar Semiconductor or U.S. Commerce Department
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U.S. Commerce Department Issues First $123 Million Award to Polar Semiconductor
Sep 24, 2024, 09:05 AM
The U.S. Commerce Department has finalized a $123 million award for Polar Semiconductor, a Minnesota-based company, to boost chips production. This grant is part of the $52.7 billion CHIPS fund aimed at enhancing the domestic semiconductor industry. The funding will be used to expand Polar Semiconductor's plant in Minnesota. This is the first award from the CHIPS fund.
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