U.S. Commerce Department Supports Chip Technology Startup Led by Former Intel CEO
The U.S. Department of Commerce is investing up to $150 million in xLight Inc., a chip technology startup led by former Intel CEO Pat Gelsinger.
The U.S. Department of Commerce has agreed to invest up to $150 million in xLight Inc., a chip technology startup associated with former Intel Corp CEO Pat Gelsinger.
The department's Chip Research and Development Office - part of the National Institute of Standards and Technology - signed a non-binding letter of intent to provide the funding, according to a statement released on Monday.
Sources & References
Bloomberg
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Edited & Reviewed by the Ecopulse Editorial Board 1/24/2026, 21:49:29 UTC
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