Polar Semiconductor Receives CHIPS Award
theregister · 1d
Warm embrace of CHIPS Act cash envelopes Polar Semiconductor
Polar Semiconductor is jointly owned by Allegro and Sunken Electric, and is a supplier of 200 millimeter wafers. The company has 750 employees and turned over $230 million in 2023. It is a relative puppy among the big dogs of the chip industry that are collectively attracting billions of dollars in CHIP Act funding.
Manufacturing · 5h
Polar Semiconductor Secures $123M in CHIPS Funding to Double U.S. Production Capacity
The U.S. Department of Commerce announced its first award under the CHIPS Incentives Program’s Funding Opportunity for Commercial Fabrication Facilities of up to $123 million in direct funding to Polar Semiconductor.
YAHOO!Finance · 1d
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.
Circuit · 23h
SIA Applauds Finalization of First CHIPS Award for Polar Semiconductor
The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer applauding the first finalized agreement to allocate incentives under the CHIPS and Science Act.
Reuters · 1d
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 plant in Minnesota, which would allow the company to nearly double its U.S. production capacity of power and sensor chips.
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