Niobrara Capital and Prysm Capital, two investment firms, led a $175m investment in Polar Semiconductor, a manufacturer specializing in sensor, power, and high-voltage semiconductors. “We are very pleased to announce this historic investment in Minnesota semiconductor manufacturing. Our expanded manufacturing facility will allow us to increase capacity and branch into innovative technologies to serve new customers and markets. Polar and its employees are grateful to the U.S. Department of Commerce and the State of Minnesota for their commitment to the future of American semiconductor manufacturing and appreciate the strong collaboration with the CHIPS Program Office, Minnesota Department of Employment and Economic Development, and the City of Bloomington, Minnesota, throughout this process," Surya Iyer, Polar Semiconductor President and COO.