U.S. Awards $120 Million to Chipmaker to Expand Facility in Minnesota
Source: New York Times
Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden administration announced on Monday, the latest in a string of awards meant to strengthen the U.S. supply of semiconductors.Commerce Department officials said the grant would help Polar upgrade technology and double production capacity at its facility…
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