Overview
I-Pulse Inc., a semiconductor company co‑founded by billionaire Robert Friedland, announced that it will receive $250 million in funding from the U.S. Department of Commerce’s CHIPS (Creating Helpful Incentives to Produce Semiconductors) program. The award was announced on Thursday, 26 June 2026.
Purpose of Funding
The CHIPS award will be used to develop silicon‑carbide (SiC) semiconductor components and associated pulsed‑power technology that enable high‑temperature, high‑performance operation for geothermal drilling applications. The initiative is intended to reduce U.S. dependence on foreign chip supply chains and to bolster national and energy security.
Collaboration and Implementation
I‑Pulse will work with U.S. national laboratories, universities and specialized manufacturers to produce the SiC switches. The Albuquerque team, led by Dr Rick Spielman and Dr Randy Curry, will execute the development. The company also operates facilities in Detroit, Michigan and Toulouse, France.
Technological Impact
The silicon‑carbide switches are designed to deliver high‑voltage electrical pulses that fracture rock ahead of drill bits, increasing drilling speed, extending drill‑bit life and lowering drilling costs for geothermal power plants in granite formations.
Government Commentary
U.S. Secretary of Commerce Howard Lutnick stated that the investment strengthens America’s capabilities and advances both national‑defense and energy‑security goals. The award is described as supporting critical components in pulsed‑power technology with implications for energy security and defense.
Company Background
Founded in 2007, I‑Pulse focuses on pulsed‑power solutions and now expands into geothermal energy drilling through this CHIPS‑funded program.