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U.S. AI Startup xLight Secures $150M From Commerce Department, Raises $350M to Challenge ASML's EUV Monopoly

AI Industry News

2026-06-28 11:01:15

U.S. semiconductor startup xLight secured a $150 million equity investment from the U.S. Department of Commerce this month and is raising an additional $350 million round to develop free-electron laser (FEL) technology as an alternative to Dutch chip equipment giant ASML's current extreme ultraviolet (EUV) light source systems. The startup, founded in California in 2021, aims to deliver a prototype production-ready system by 2028. Former Intel CEO Pat Gelsinger joined xLight as executive chairman last March, lending industry credibility to the venture. The Commerce Department investment makes the federal government a major shareholder, aligning with Washington's push to reduce single points of failure in semiconductor supply chains, as ASML currently holds approximately 94% market share in EUV equipment manufacturing.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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