Ex-Intel CEO Pat Gelsinger is back in chipmaking with an xLight deal worth up to $150M
PositiveArtificial Intelligence
- Pat Gelsinger, the former CEO of Intel, has returned to the chipmaking industry by securing a deal with xLight valued at up to $150 million, funded by the 2022 Chips and Science Act aimed at fostering early-stage technology companies. This move marks Gelsinger's re-entry into a sector he previously led at Intel, highlighting his ongoing influence in the semiconductor landscape.
- This development is significant as it not only revitalizes Gelsinger's career in chipmaking but also underscores the potential for innovation in advanced manufacturing technologies. The funding from the Chips and Science Act is intended to support companies that could reshape the industry, positioning xLight as a key player in this transformation.
- The broader implications of this deal reflect ongoing trends in the semiconductor industry, including Intel's potential return to Apple's ecosystem as a contract chipmaker by 2027. This collaboration could signify a shift in market dynamics, as Intel seeks to regain its competitive edge while navigating legal challenges from TSMC regarding trade secrets. The focus on advanced manufacturing processes, such as Intel's commitment to the 14A node, further illustrates the industry's push towards innovation and collaboration.
— via World Pulse Now AI Editorial System
