xLight raises $350.0M (United States, Jul 2026)
$350.0M
$350 millionGenerated social card
Headline
Pat Gelsinger's xLight raises $350 million to build the first American rival to ASML's EUV monopoly - Startup Fortune
About
xLight is developing a particle-accelerator-based light source as a domestic alternative to ASML's EUV lithography machines. The company aims to produce a free-electron laser that can generate more EUV power than current plasma sources, targeting advanced chipmakers. This funding round is significant as it includes federal backing through the CHIPS Act.
Article summary
Pat Gelsinger's xLight raises $350 million to build the first American rival to ASML's EUV monopoly Startup Fortune
Founder
Pat Gelsinger
Chairman
Investors · 2
Boardman Bay Capital ManagementLead
FUND
Bain Capital
FUND
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