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Global Trade Alert

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United States of America: Department of Commerce awards Polar Semiconductor a grant to expand sensor and power chip production

Description

On 24 September 2024, the US government awarded USD 123 million in financial grants to Polar Semiconductor to expand its facility in Minnesota as part of the CHIPS Incentives Program. Funding will sup...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Sep 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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