India, June 15 -- The U.S. Department of Commerce has announced the signing of a Direct Funding Agreement with Powerex to invest $30 million in manufacturing and R&D to dramatically expand domestic power module production.

Powerex is a critical U.S.-based manufacturer of discrete devices and high-power semiconductor solutions, including Silicon Carbide Power Modules, IGBT Power Modules, High Voltage Power Modules, Transistor, Rectifiers, and Thyristors. Its technology powers everything from commercial and industrial infrastructure to the next generation of American military hardware.

"Silicon carbide power modules are critical components for defense systems, industrial motor drives, electric vehicles and multiple other industrial applic...