Gov't Backs xLight's Semiconductor Revolution

Former Intel CEO Pat Gelsingers startup, xLight, secures a preliminary $150 million deal from the U.S. Commerce Department for chip manufacturing innovation. This investment, under the Chips and Science Act, aims to boost domestic semiconductor production. xLights core innovation involves massive free electron lasers powered by particle accelerators, targeting the lithography bottleneck in semiconductor manufacturing. The governments equity stake has sparked debate about state capitalism, but Gelsinger views it as essential for national competitiveness.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.