Trump administration taking $150M stake in chip startup
PositiveU.S News

- The Trump administration has announced plans to invest $150 million in xLight, a startup focused on developing laser technology to enhance semiconductor manufacturing. The Commerce Department confirmed that it has signed a non-binding preliminary letter of intent to offer federal incentives to the company under the CHIPS and Science Act in exchange for equity.
- This investment signifies a strategic move to bolster the semiconductor industry in the U.S., potentially fostering innovation and competitiveness in technology sectors. It also highlights the administration's commitment to supporting emerging technologies and companies like xLight, which is led by former Intel CEO Pat Gelsinger.
— via World Pulse Now AI Editorial System






