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

_Friday, June 26, 2026 at 10:23 PM EDT · Infrastructure · Latest · Tier 2 — Notable_

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.

## Sources

- [Bloomberg](https://www.bloomberg.com/news/articles/2026-06-25/us-invests-250-million-in-billionaire-s-startup-for-chip-making)

---
Canonical: https://techandbusiness.org/newswire/X0O85GNlLhBSz1ObTqO5de
Retrieved: 2026-06-27T05:53:30.369Z
Publisher: Tech & Business (techandbusiness.org)