"The Commerce Department said on Monday that the Trump administration signed a nonbinding letter of intent to invest up to $150 million in xLight, a startup trying to build a more advanced and cost-effective way to manufacture chips. The investment would come from the CHIPS and Science Act and would be structured as equity, giving the federal government direct ownership in the company."
"The deal - a first from the Trump administration's CHIPS Research and Development Office - signals Washington's effort to regain leadership in chipmaking. Most advanced semiconductors are manufactured outside the US, led by TSMC in Taiwan and Samsung in South Korea - areas where China's influence looms large. Intel warned in July that it may halt development of its next-generation chip, 14A, due to financial reasons."
The U.S. Commerce Department signed a nonbinding letter of intent to invest up to $150 million in xLight, with funding sourced from the CHIPS and Science Act and structured as equity. xLight, chaired by Pat Gelsinger and founded in 2021, is developing free-electron laser technology as an alternative light source for extreme ultraviolet (EUV) lithography to enable more advanced, cost-effective chip manufacturing. The commitment represents the CHIPS Research and Development Office's first such deal and signals an effort to rebuild U.S. leadership in semiconductor production amid global manufacturing concentration and concerns about Intel's next-generation 14A development.
Read at Business Insider
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