Polar Semiconductor Announces Plans to Expand Semiconductor Manufacturing Facility in Minnesota
Allegro MicroSystems, Inc. (ALGM)
Company Research
Source: Business Wire
Polar’s Historic $525 Million Investment to Be Supported by Minnesota State Incentives and Potential Federal Funding from the CHIPS and Science ActNiobrara Capital and Prysm Capital Will Lead $175 Million Equity Investment in Polar to Become Majority Investors and Transition Company to U.S.-Owned FoundryInvestment Plan Will Double Polar’s Domestic Semiconductor Manufacturing Capacity and Create Over 160 New Jobs in Minnesota BLOOMINGTON, Minn.--(BUSINESS WIRE)--Polar Semiconductor (“Polar” or the “Company”), the only U.S.-based manufacturer specializing in sensor, power, and high-voltage semiconductors, today announced plans to expand its Bloomington, Minnesota manufacturing facility and branch into innovative technologies to serve new customers and markets. Polar expects to invest approximately $525 million in the expansion of the facility over the next two years, subject to receipt of appropriate approvals and federal, state, and local incentives. Polar has signed a non-binding p
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ALGM
Earnings
- 8/1/24 - Beat
ALGM
Sec Filings
- 9/24/24 - Form 8-K
- 9/3/24 - Form 4
- 8/12/24 - Form 8-K
- ALGM's page on the SEC website