US Finalizes First Binding Chips Award With Polar Semiconductor

URLhttps://finance.yahoo.com/news/us-finalizes-first-
Sourceyahoo finance
Date Published09/24/2024

Additional Reshoring Information:

Company/Division name Polar Semiconductor
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):160
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):525
City reshored to:Bloomington
State(s) reshored to:MN
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductors
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies
Government Incentive dollar amount:$123 million- federal
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