Articles from xLight

xLight, the American company building the world’s most powerful lasers, today announced it has signed a Letter of Intent (LOI) with the U.S. Department of Commerce for $150 million in proposed federal incentives under the CHIPS and Science Act. This award is the first from the Trump Administration’s CHIPS Research and Development Office (CRDO) – proving next generation lithography is a top priority in the administration’s broader effort to restore American semiconductor manufacturing.

xLight, the American company building the world’s most powerful lasers, today announced it has closed an oversubscribed $40M Series B equity raise. The round was led by Playground Global, an early-stage venture capital firm investing in entrepreneurs who have developed breakthroughs in frontier technologies, and joined by Boardman Bay Capital Management, a leading investment manager specializing in high-growth opportunities across transformative technology subsectors. Morpheus Ventures and others also joined the round. This funding further enables xLight to develop the world’s most powerful extreme-ultraviolet (EUV) free electron lasers (FEL), which will revolutionize advanced semiconductor manufacturing and unlock other critical economic and national security applications.