Dan’s Biz Bookshelf: ‘Do/Start'
Facing the Future: The Role of 5G and Beyond in Shaping PCB Demand
It’s Only Common Sense: Stop Pitching, Start Listening
SEMI Applauds U.S. CHIPS Act Award for Polar Semiconductor Facility in Minnesota
May 14, 2024 | SEMIEstimated reading time: 1 minute
SEMI, the industry association serving the global semiconductor and electronics design and manufacturing supply chain, applauded the United States 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. Department of Commerce for its continued investments to fortify the domestic semiconductor supply chain,” said Joe Stockunas, President of SEMI Americas. “This proposed CHIPS Act funding for Polar Semiconductor is part of more than $525 million in investments by the company and state, local and private entities to help meet growing demand for sensor and power chips used in a diverse range of applications and markets – from automotive and home appliances to industrial robotics. We congratulate the company on this important step forward for its foundry business.”
As a member of the SEMI Supply Chain Management Initiative and Fab Owners Alliance, Polar Semiconductor collaborates with SEMI members worldwide to advance the global semiconductor industry.
Share on:
Suggested Items
DuPont to Introduce Advanced Kalrez Sealing Innovations for Semiconductor Manufacturing at SEMICON Southeast Asia
05/15/2025 | DuPontDuPont is excited to announce its participation in SEMICON Southeast Asia (SEMICON SEA), taking place May 20-22, 2025, in Singapore. At booth L3105,
KEC International Lands New Orders, Including Semiconductor Breakthrough
05/14/2025 | KEC InternationalKEC International Ltd., a global infrastructure EPC major and RPG Group company, has announced securing new orders totaling ₹1,034 crores across its diverse business segments.
DuPont to Showcase Advanced Semiconductor Wet Etching Innovations at the Surface Preparation and Cleaning Conference
05/13/2025 | DuPontDuPont announced that it will present its latest developments in semiconductor wet etching technologies at the upcoming Surface Preparation and Cleaning Conference (SPCC) in Chandler, Arizona, beginning May 20.
SMC Korea 2025 to Spotlight Next-Generation Memory and Materials Innovation amid AI Boom
05/13/2025 | SEMIThe Strategic Materials Conference (SMC) Korea 2025 is set to convene on May 14 at the Suwon Convention Center in Gyeonggi-do, South Korea, bringing together leading experts and innovators to highlight the critical role of materials innovation in addressing the performance, efficiency, and scalability requirements of AI-enabled semiconductor devices.
DENSO, ROHM Reach Basic Agreement to Establish a Strategic Partnership in the Semiconductor
05/12/2025 | DENSODENSO CORPORATION and ROHM Co., Ltd. are pleased to announce that the two companies have reached a basic agreement to establish a strategic partnership in the semiconductor field. This agreement follows discussions and considerations that began in September 2024.