Announcement
24 Sep 2024
In September 2024, the U.S. Department of Commerce announced a USD 123 million grant to Polar Semiconductor for expanding its Minnesota facility and increasing the production of sensor and power chips.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
24 Sep 2024
Revocation date:
No revocation date
Updated: 24 Sep 2024
Financial grant
In force
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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Related State Acts
23 Jun 2023
United States of America: Department of Commerce announces a funding opportunity for the production of semiconductor materials and manufacturing equipment with capital investment of USD 300 million or above
28 Feb 2023
United States of America: Government announces CHIPS for America funding opportunity
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