The Trump administration has agreed to inject up to $150M into xLight, which makes lasers for EUV machines and has former Intel (INTC) CEO Pat Gelsinger on its board, for an equity stake, The Wall Street Journal’s Amrith Ramkumar and Robbie Whelan report. ASML (ASML) is currently the only global producer of EUV machines, which can cost hundreds of millions of dollars each.
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