XLight develops advanced lasers intended for use in semiconductor manufacturing as an alternative to extreme ultraviolet (EUV) lithography. The company aims to reduce the cost and time of producing next-generation AI chips and is targeting major equipment suppliers such as ASML as potential customers. XLight is chaired by a former Intel CEO, a leadership detail highlighted for its industrial credibility. The startup recently received a significant investment from the U.S. Department of Commerce and is now negotiating to raise $350 million from two investment funds. The company’s plans and fundraising are framed within U.S. efforts to strengthen domestic semiconductor capabilities amid geopolitical competition with China. No revenue, user, or valuation metrics were disclosed in the article.

Total raised

$201M

Funding rounds

3

Latest round

Series B

Latest activity

Jul 2025