US to take stake in chip startup led by Intel’s fired CEO Pat Gelsinger: Why this is important for Trump administration
The U.S. government is making its first equity investment under the CHIPS Act, committing up to $150 million to semiconductor startup xLight. Chaired by former Intel CEO Pat Gelsinger, xLight is developing an alternative light source for advanced chip manufacturing. This move aims to bolster domestic chip production and reclaim leadership in the critical technology.
The U.S. government is making its first equity investment under the CHIPS Act, committing up to $150 million to semiconductor startup xLight. Chaired by former Intel CEO Pat Gelsinger, xLight is developing an alternative light source for advanced chip manufacturing. This move aims to bolster domestic chip production and reclaim leadership in the critical technology.
