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Polar Semiconductor will be adding a new foundry in Minnesota.
May 14, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
SEMI applauded the US Department of Commerce’s announcement of a preliminary memorandum of terms for an award under the CHIPS and Science Act to support the expansion and modernization of Polar Semiconductor’s fab in Minnesota. The award includes up to $120 million in grants and an investment tax credit to double the foundry’s production capacity for its customers’ sensor and power chips within two years. The project is expected to create more than 160 jobs. “SEMI applauds the U.S. Departm...
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