US Commits $150M to Chip Startup
The US Commerce Department has agreed to invest as much as $150 million in xLight, a chip technology startup tied to former Intel Chief Executive Officer Pat Gelsinger.
The department noted in a Monday statement its nonbinding letter of intent to invest in xLight, a company that’s developing technology to compete with one part of the extreme ultraviolet lithography systems offered by the Netherlands’ ASML Holding NV.
The move is part of the Trump administration’s efforts to bring more chipmaking capabilities back to domestic soil and extends its reach into the sector. Earlier ...