BHP-backed I-Pulse wins $250 million US CHIPS award for silicon-carbide semiconductors

BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs

BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs

BHP

0.00

June 25 (Reuters) - Mining giant BHP BHP.AX-backed I-Pulse said on Thursday it had signed an agreement with the U.S. Department of Commerce for a $250 million award to advance its semiconductor and pulsed-power technology.

The award from the department's CHIPS Research and Development Office is aimed at supporting U.S. semiconductor research, domestic manufacturing capacity and supply-chain resilience.

  • The company, co-founded by mining financier Robert Friedland and Chief Technology Officer Laurent Frescaline, said the funding would help develop high-performance silicon-carbide semiconductor components used in pulsed-power systems.

  • I-Pulse added the pulsed-power systems can be applied in geothermal drilling, mining, rock crushing, manufacturing and defense.

  • In geothermal drilling, for example, the pulses fracture can increase drilling speed and drill-bit life and potentially lower costs, the company said.

  • The program would be led by the Albuquerque team, near Sandia National Laboratories and the U.S. Air Force Research Laboratory, and would involve U.S. national laboratories, universities and specialized manufacturers.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.