US Invests in xLight Semiconductor Startup

The US government plans to invest up to $150 million in xLight, a semiconductor startup led by Pat Gelsinger, aiming to develop advanced and cost-effective chip manufacturing methods. This investment, structured as equity, marks the first deal from the Trump administrations CHIPS Research and Development Office, signaling a strong effort to regain US leadership in chipmaking. The investment is crucial as Intel, a major American chipmaker, faces financial challenges that could impact domestic chip production. xLight, founded in 2021, is working on free-electron laser technology to enhance chip manufacturing capabilities and reduce costs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.