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Pat Gelsinger's startup xLight has raised $350 million to challenge ASML's global monopoly in extreme ultraviolet (EUV) lithography, targeting the core light source technology that currently only ASML supplies. While xLight aims to develop a free-electron laser (FEL) to replace the current laser-pro

On June 2, 2026, the U.S. Department of Commerce and the National Institute of Standards and Technology (NIST) announced a $150 million federal incentive award to xLight, Inc. under the CHIPS and Science Act. The funding supports the development of a first-of-its-kind free-electron laser (FEL) proto