Technology
US Invests $250 Million in Billionaire’s Startup for Chip Making
Key Points
US Invests $250 Million in Billionaire’s Startup for Chip Making I-Pulse Inc. will receive $250 million in US funding for semiconductor and pulsed-power development as the venture co-founded by Robert Friedland joins American efforts to reduce reliance on foreign-chip supply chains. The company, which has laboratories in New Mexico, was granted the award by the Department of Commerce’s CHIPS program to develop semiconductor components for a geothermal drilling technique that uses surges of...
US Invests $250 Million in Billionaire’s Startup for Chip Making
I-Pulse Inc. will receive $250 million in US funding for semiconductor and pulsed-power development as the venture co-founded by Robert Friedland joins American efforts to reduce reliance on foreign-chip supply chains.
The company, which has laboratories in New Mexico, was granted the award by the Department of Commerce’s CHIPS program to develop semiconductor components for a geothermal drilling technique that uses surges of high-power electricity, according to a company statement Thursday.