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Biden Administration Backs $120M Expansion for Polar Semiconductor

Funding from the CHIPS and Science Act will enhance U.S. chip production and create jobs in Minnesota.

  • Polar Semiconductor to receive up to $120 million in federal funds to expand its Minnesota facility.
  • The expansion aims to double U.S. production capacity of sensor and power chips within two years.
  • The project will create over 160 jobs and increase Polar's use of clean and renewable energy.
  • The funding is part of the CHIPS and Science Act, designed to bolster U.S. semiconductor manufacturing.
  • The investment will shift Polar from majority foreign-owned to majority U.S.-owned.
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