US Invests $250 Million in Robert Friedland’s Startup to Strengthen Domestic Chip Manufacturing

The United States has announced a $250 million investment in I-Pulse Inc., a technology startup co-founded by mining entrepreneur Robert Friedland, as part of its ongoing effort to strengthen domestic semiconductor manufacturing and reduce dependence on foreign chip supply chains. The funding has been awarded through the U.S. Department of Commerce’s CHIPS program.

I-Pulse will use the investment to develop advanced silicon-carbide semiconductor components and pulsed-power technologies that support next-generation geothermal drilling techniques. The company, which operates research laboratories in New Mexico, is also working on applications for mining, industrial manufacturing, energy, and defense sectors.

The investment aligns with Washington’s broader strategy to expand domestic semiconductor production, enhance critical technology capabilities, and build resilient supply chains for strategic industries. Silicon-carbide chips are increasingly important for high-voltage power electronics, electric vehicles, renewable energy systems, and advanced industrial equipment.

Robert Friedland welcomed the funding, describing it as an important step toward accelerating innovation in semiconductor technology while supporting America’s manufacturing and energy security goals. The project will bring together national laboratories, universities, and industry partners to advance research and commercialize cutting-edge semiconductor technologies in the United States.