iDEAL Semiconductor targets cheaper electric car chips with $40 million funding

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iDEAL Semiconductor targets cheaper electric car chips with $40 million funding
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iDEAL Semiconductor on Tuesday said it has raised a new round of funding and is releasing a new technology that can make chips for electric vehicles and data centers more efficient while using cheap, readily available materials.iDEAL's technology is a new way of making what are called power chips, which g

iDEAL Semiconductor on Tuesday said it has raised a new round of funding and is releasing a new technology that can make chips for electric vehicles and data centers more efficient while using cheap, readily available materials.

A new wave of power chips from companies including Wolfspeed Inc and On Semiconductor Corp made out of a material called silicon carbide can help extend the range of electric vehicles because the chips are more efficient. "We've had this drum beat for the past 10 years that silicon is dead," said Mark Granahan, iDEAL's chief executive officer."It's quite frankly the lack of innovation in silicon that has enabled that drum beat."

iDEAL has partnered with Bloomington, Minnesota-based chip manufacturer Polar Semiconductor to make its first chips and is planning to roll them out later this year.

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