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flag The U.S. invests $150M in xLight, a semiconductor startup, to develop advanced chip tech and reduce foreign reliance.

flag The U.S. government, under the Trump administration, will invest up to $150 million in xLight, a semiconductor startup led by former Intel CEO Pat Gelsinger, acquiring an equity stake through the CHIPS and Science Act. flag The funding aims to advance free-electron laser technology as a potential alternative to ASML’s EUV lithography systems, targeting 2-nanometer chip manufacturing with greater efficiency and lower costs. flag This marks the first equity investment by the administration’s CHIPS Research and Development Office and reflects broader efforts to strengthen domestic semiconductor production, reduce reliance on foreign supply chains, and enhance national technological and security interests.

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