A US$250 million investment will accelerate breakthrough chip innovation and support future energy and industrial technologies
New York, United States, 26 June 2026 – I Pulse has signed a definitive agreement with the U.S. Department of Commerce to receive a US$250 million award through the CHIPS Research and Development program. The funding will help the company accelerate the development of advanced semiconductor technologies and pulsed power systems, strengthening innovation in high-performance electronics while supporting future industrial and energy applications.
The investment will focus on developing next-generation silicon carbide semiconductors that can operate under extremely high temperatures, voltages, and demanding conditions. Compared to conventional silicon chips, silicon carbide technology delivers greater efficiency, improved durability, and better performance in industries that require powerful electronic systems. These advanced chips are increasingly becoming essential for modern manufacturing, clean energy technologies, electric vehicles, and industrial automation.
One of the most significant goals of the project is to improve geothermal energy production. I Pulse is developing pulsed power drilling technology that uses powerful electrical pulses to break through extremely hard underground rock much faster than traditional drilling methods. This innovation has the potential to lower drilling costs, improve efficiency, and unlock geothermal resources that were previously too expensive or difficult to access. Reliable geothermal energy can provide continuous electricity without depending on weather conditions, making it an attractive renewable energy source for the future.
The company will collaborate with national laboratories, universities, and specialized manufacturers across the United States to develop these advanced semiconductor components. The research program is expected to accelerate innovation while encouraging new technologies that can be used across multiple industries. In addition to geothermal energy, the new semiconductor technology may support applications in mining, advanced manufacturing, industrial equipment, and other high-performance electronic systems.
Beyond technological innovation, the project is expected to contribute to a stronger domestic semiconductor ecosystem. By expanding research capabilities and increasing local production of advanced semiconductor components, the initiative supports long-term supply chain resilience and encourages continued investment in cutting-edge chip development. As global demand for advanced electronics continues to rise, stronger research and manufacturing capabilities will play an important role in meeting future industry needs.
The announcement highlights the growing importance of advanced semiconductor research in supporting next-generation technologies. High-performance chips are becoming the foundation for innovations in energy, automation, transportation, artificial intelligence, and industrial infrastructure. Investments in research today are expected to create technologies that improve efficiency, reduce costs, and enable new applications across multiple sectors.
With its focus on advanced semiconductors and pulsed power technology, I Pulse is positioning itself at the intersection of electronics, energy, and industrial innovation. The US$250 million award provides an opportunity to accelerate research that could reshape how critical technologies are developed while supporting future breakthroughs in high-performance engineering and sustainable energy solutions.
