Trump administration taking $150M stake in chip startup ...Middle East

The Trump administration plans to take a $150 million stake in xLight, a startup developing laser technology to advance semiconductor manufacturing. The Commerce Department said Monday that it has signed a non-binding preliminary letter of intent to provide federal incentives to the startup under the CHIPS and Science Act in exchange for equity. The company xLight, which counts former Intel CEO Pat Gelsinger...

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Last updated : 02 Dec 2025 clock 05:23 PM

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Trump administration taking $150M stake in chip startup ...Middle East

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