Gelsinger's xLight Secures $150M from US, Revolutionizing Chip Manufacturing
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Pat Gelsinger, former Intel executive, launches xLight for advanced chip manufacturing. The startup secures a preliminary $150M deal from the U.S. Commerce Department, marking a shift in government support for strategic industries. Gelsinger aims to revolutionize chip production with innovative free electron lasers, tackling lithography bottlenecks and continuing Moores Law. The deal, under the Chips and Science Act, is a first for the current administration. xLight plans to produce silicon wafers by 2028 and collaborate with industry giants like ASML and Zeiss.
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