xLight Raises $350M to Challenge ASML's Chipmaking Dominance
xLight, a US-backed startup chaired by former Intel chief Pat Gelsinger, is raising $350m to build an xLight EUV light source that could challenge ASML’s grip on chipmaking. Just days earlier, a Dutch rival targeted Nvidia. Deep-tech chips are experiencing a resurgence, with the hardware behind AI attracting significant venture capital investment once again. xLight, a Californian […]
This story continues at The Next Web While ASML's dominance in chipmaking has been unchallenged, xLight's $350M funding round signals a significant shift. With former Intel CEO Pat Gelsinger at the helm, xLight aims to develop an EUV light source, a key component in advanced chip fabrication. This move not only intensifies competition but also accelerates innovation, potentially leading to more affordable and accessible next-generation chips. The startup's focus on deep-tech AI chips aligns with the global surge in VC investment, indicating a promising future for disruptive technologies. Read the full story