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Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseasonWASHINGTON - Polar Semiconductor is set to receive a $120 million U.S. government grant to expand its plant in Minnesota, which will allow the company to double its U.S. production capacity of sensor and power chips within two years.
Under Secretary of Commerce Laurie Locascio said Polar's"technology plays a critical role in high-voltage applications across the aerospace, automotive, and defense sectors and this proposed investment would enable new capabilities to manufacture the next generation of semiconductors."Polar is currently 70% owned by Sanken Electric and 30% held by Allegro MicroSystems.
The Biden administration has announced seven other planned awards including up to $6.4 billion in grants to South Korea's Samsung to expand chip production in central Texas.
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