US Invests $250 Million in Billionaire’s Startup for Chip Making (opens original article in a new tab)

The US government has allocated $250 million to I-Pulse Inc., a startup co-founded by billionaire Robert Friedland, to develop semiconductors and pulsed-power technology as part of efforts to strengthen domestic supply chains and reduce dependence on foreign chips.

• US invests $250 million in I-Pulse Inc. for semiconductor and pulsed-power development
• I-Pulse, co-founded by Robert Friedland, aims to reduce reliance on foreign-chip supply chains
• CHIPS program funding supports geothermal drilling technology and semiconductor manufacturing