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Stocks•25 June 2026•

1 min read

BHP-backed I-Pulse wins $250M US CHIPS award for silicon-carbide tech

Key Facts

1BHP-backed I-Pulse announced it signed an agreement with the U.S. Department of Commerce for a $250 million award under the CHIPS Act.

In a move to diversify beyond mining, the U.S. Commerce Department awarded BHP-backed I-Pulse a $250 million grant under the CHIPS Act. The funding will support silicon-carbide semiconductor technology, according to Reuters.

The investment marks BHP's entry into the semiconductor supply chain, aligning with surging demand from electric vehicles and renewables. The grant is part of a broader U.S. push to domesticate chip production. BHP shares closed at $80.72 on June 24, trading between $79.73 and $80.83 during the session.

Investors will watch how this award impacts BHP's earnings from non-mining ventures. No immediate catalysts are on the calendar, but any spin-off or IPO plans for I-Pulse could move the stock. BHP remains supported by robust commodity demand.

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