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I-Pulse wins 250 million dollar US semiconductor award

I-Pulse has signed an agreement with the U.S. Department of Commerce for a 250 million dollar award to advance its pulsed-power technology. The funding supports domestic manufacturing and research into silicon-carbide components used in geothermal drilling and defense.

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A view shows the BHP Limited logo at their headquarters in Melbourne, Australia, March 24, 2025. REUTERS/Hollie Adams

I-Pulse, backed by BHP GROUP LTD-DI, secured a $250 million award from the United States Department of Commerce on Thursday to advance pulsed-power and semiconductor technology. The funding from the CHIPS Research and Development Office targets domestic manufacturing capacity and supply-chain resilience. This investment signals a pivot toward integrating high-performance silicon-carbide components into heavy industries like mining and defense.