BHP-backed I-Pulse has signed an agreement with the U.S. Department of Commerce for a $250 million award to advance its semiconductor and pulsed-power technology. The funding will support U.S. semiconductor research, domestic manufacturing capacity, and supply-chain resilience.
The award signifies a significant investment in U.S. semiconductor manufacturing and advanced materials, aiming to enhance domestic technological capabilities and supply chain security in a critical sector.
Mining giant BHP-backed I-Pulse announced on Thursday it has entered into an agreement with the U.S. Department of Commerce to receive a $250 million award. This funding is designated for advancing the company's semiconductor and pulsed-power technology.
The award, administered by the department's CHIPS Research and Development Office, is intended to bolster U.S. semiconductor research, enhance domestic manufacturing capacity, and strengthen supply-chain resilience.
I-Pulse, co-founded by mining financier Robert Friedland and Chief Technology Officer Laurent Frescaline, stated that the funds will be used to develop high-performance silicon-carbide semiconductor components crucial for pulsed-power systems. These systems have diverse applications, including geothermal drilling, mining operations, rock crushing, general manufacturing, and defense.
For instance, in geothermal drilling, the company noted that pulsed fracturing could accelerate drilling speeds, extend drill-bit life, and potentially reduce operational costs. The program will be spearheaded by I-Pulse's team in Albuquerque, situated near key research facilities like Sandia National Laboratories and the U.S. Air Force Research Laboratory. This initiative will also involve collaboration with U.S. national laboratories, universities, and specialized manufacturers.