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Boardman Bay Capital Management

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16:36

2026-06-24

thenextweb.com

ai-chips

xLight’s $350m bet to break ASML’s chip monopoly

XLight, a US-backed startup chaired by former Intel CEO Pat Gelsinger, is raising $350 million to develop an alternative EUV light source that could challenge ASML's monopoly on chipmaking equipment. …

// co-occurs with top 7 entities

xLight 1 Pat Gelsinger 1 ASML 1 Bain Capital 1 Nvidia 1 Department of Commerce 1 CHIPS and Science Act 1