Trump Administration Acquires Stake in Chip Startup of Former Intel CEO

xLight receives up to 150 million USD for the development of high-precision lasers to fit more circuits on semiconductors. The Trump administration has agreed to invest up to 150 million USD in a startup focused on developing more advanced semiconductor manufacturing techniques in the U.S. This is its latest attempt to promote strategically important domestic industries through government incentives. Under the agreement, the Department of Commerce would allocate the incentives to xLight, a startup aiming to improve the critical chip-making process...