DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Michael Schmidt - 1 Schmidt - 1 Gina Raimondo - 1 GlobalFoundries - 1 – - 1 Biden - 1 ” - 1 Laurie Locascio - 1
Top related locs:
Minnesota Bloomington Minn United States
Top related orgs:
Commerce Department - 2 Polar Semiconductor - 2 Biden - 1 CNBC - 1 Intel - 1 Taiwan Semiconductor - 1 Samsung - 1 Micron - 1

Search resuls for: "Polar Semiconductor"


3 mentions found


☆ Here's where the last $6 billion in CHIPS Act semiconductor award money is going
  + stars: | 2024-05-23 | by ( Megan Cassella | In | ) www.cnbc.com   time to read: +2 min
The rollout of the Biden administration's CHIPS Act award money has so far focused on providing major awards for major companies, with just four leading-edge semiconductor manufacturers receiving the lion's share of the $33 billion that has been allocated to this point. Now, with $6 billion remaining, the focus is shifting to sending smaller awards to smaller companies—dozens of them, up and down the supply chain. "We are really focused on investing across the semiconductor ecosystem," Michael Schmidt, director of the CHIPS Program Office at the Commerce Department, told CNBC. Intel , Taiwan Semiconductor , Samsung and Micron combined will receive nearly $28 billion, while GlobalFoundries received $1.5 billion and four smaller companies – BAE Systems, Microchip , Polar Semiconductor and Absolics – received a combined $392 million. Another $3.5 billion has been set aside for the "secure enclave" program, which will produce semiconductors for military use.
Persons: Michael Schmidt, Schmidt, Gina Raimondo, GlobalFoundries, – Organizations: Biden, Commerce Department, CNBC, Intel, Taiwan Semiconductor, Samsung, Micron, BAE Systems, Polar Semiconductor
☆ U.S. Awards $120 Million to Chipmaker to Expand Facility in Minnesota
  + stars: | 2024-05-13 | by ( Madeleine Ngo | ) www.nytimes.com   time to read: +1 min
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 in Bloomington, Minn., within two years. The company produces chips that are critical for cars, defense systems and electrical grids, federal officials said. “We are making taxpayer dollars go as far as possible while crowding in private and state investment to create jobs, secure our supply chains and bolster manufacturing in Minnesota,” said Laurie Locascio, the under secretary of commerce for standards and technology. The law gave the Commerce Department $39 billion to distribute to companies to incentivize the construction and expansion of new plants in the United States.
Persons: Biden, ”, Laurie Locascio Organizations: Polar Semiconductor, Commerce, Commerce Department Locations: Minnesota, Bloomington, Minn, United States
☆ iDEAL Semiconductor targets cheaper electric car chips with $40 mln funding
  + stars: | 2023-05-16 | by ( Stephen Nellis Jane Lee | Stephen Nellis | Jane Lee | ) www.reuters.com   time to read: +2 min
But the materials are expensive and still face supply bottlenecks compared with the cheaper standard silicon used in most chips. The company has previously raised funding from semiconductor manufacturing equipment maker Applied Materials (AMAT.O). iDEAL has partnered with Bloomington, Minnesota-based chip manufacturer Polar Semiconductor to make its first chips and is planning to roll them out later this year. Granahan said silicon carbide chips can still beat iDEAL's for certain applications including the extremely high voltage chips needed for applications such as electric semi trucks. But he said iDEAL's chips could be competitive for about 90% of the overall market for power chips.
0 next >>
Total: 3