Polar Semiconductor Receives CHIPS Award
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 manufacturing capacity within two years.
Polar Semiconductor Receives CHIPS Award, Launching as a New Majority U.S.-Owned Foundry in Minnesota
Polar Semiconductor ("Polar" or the "Company"), a U.S.-based semiconductor manufacturer specializing in sensor, power, and high-voltage wafer production, announced today that the company has completed its sale to Niobrara Capital and Prysm Capital.
Warm embrace of CHIPS Act cash envelopes Polar Semiconductor
Minnow of among government funded whales to double production capacity US-based Polar Semiconductor – the maker of analog and power chip devices and sensors – has bagged $123 million of CHIPS and Science Act funding to nearly double production capacity in the US.
Allegro Microsystems-backed Polar Semiconductor receives $123M in CHIPs Act funds
Minnesota-based Polar Semiconductor, which is jointly owned by Allegro Microsystems (NASDAQ:ALGM) and Sanken Electric, is the latest company to receive funds from the CHIPs Act, the Commerce Department said on Tuesday.
US finalizes $123 million grant to expand Polar Semiconductor
The US Department of Commerce has approved a $123 million grant to Polar Semiconductor, enabling the company to significantly expand its chip manufacturing facility in Minnesota. This expansion will almost double its production capacity for power and sensor chips,
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US finalizes $123 million chips award for Polar Semiconductor
The U.S. Commerce Department said on Tuesday it had finalized a $123 million grant for Polar Semiconductor to expand its ...
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