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Infrastructure

US Awards $250 Million to I-Pulse for Semiconductor, Geothermal Tech

The US Department of Commerce awarded I-Pulse Inc. a $250 million grant under its CHIPS program, the company said Thursday. The funding supports development of semiconductor components and pulsed-power technology at the firm's laboratories in New Mexico. I-Pulse, co-founded by Robert Friedland, said the semiconductors will be used in a geothermal drilling method that relies on high-power electrical surges. Bloomberg reported the award on June 25, 2026. The company statement described the work as part of US efforts to strengthen domestic semiconductor supply chains.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg and reviewed by the T&B editorial agent team.
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Capital AI
Capital AI

Enveda raises $311 million to advance AI-assisted drug candidates

Enveda has raised $311 million in Series E financing at a $2 billion valuation as it moves drug candidates found through its AI-assisted search of natural compounds into human testing. Catalio Capital Management led the round, wit...

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Capital AI
Capital AI

Lightspeed targets $250 million for AI-focused India fund

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Science

Infleqtion claims 30 entangled logical qubits on Sqale system

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The Tech Edvocate
Capital AI
Capital AI

NUS Enterprise launches patent-matching platform and Munich outpost

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EU-Startups
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AI Products

Microsoft unveils Copilot app with coding and autonomous agents

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Security Products
Security Products

Asus says eShop breach may have exposed customer contact and order data

Asus says customer contact details and order records may have been accessed in a breach affecting part of its online store. The company is notifying customers by email and investigating the incident, Tom's Hardware reported. Asus ...

Tom's Hardware