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

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 go into everything from washing machines to internet servers to help with tasks such as converting alternating current from the electric grid to the direct current used by the device.