Polar Semiconductor awarded $120m in CHIPS Act funding to expand Minnesota plant
Investment will allow company to double production in two years
Investment will allow company to double production in two years
The Biden Administration continues to champion the concept of open mobile networks
The facilities will be split across the cities of Taylor and Austin
Funding confirmation comes week after TSMC confirmed Arizona site was now ahead of schedule
Despite earlier delays, Arizona plant now expected to be operational by end of 2024
President Biden will visit Intel’s Chandler, Arizona, campus to announce the deal
To help fund chip R&D
Comes after reports that Altman has been courting Middle Eastern investors for an AI chip venture
Production at the second, more advanced, site now delayed until 2027
Announcement comes a week after the company was awarded funding under US CHIPS Act
US looks to counter the technology threat from China by investing in supercomputers, semiconductors, AI, and quantum computing
And a new website is launched to help companies get funding
Helping fund domestic chip fab development