Tech startup I-Pulse has secured a $250 million research and development grant from the U.S.
Department of Commerce's CHIPS office.
It is one of the largest federal investments in a company developing semiconductor technologies.
The funding should accelerate the development of I-Pulse's proprietary silicon-carbide semiconductor components, strengthening U.S. efforts to boost domestic chip manufacturing and reduce dependence on foreign supply chains.
"This award supports the development of world-leading critical components in the pulsed power technology stack, with profound implications for energy security and national defense," I-Pulse co-founder and CEO Robert Friedland said in an announcement.
