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xLight Seeks $350M in Funding Led by Boardman Bay Capital and Bain Capital

2026-06-24 10:53:25

According to Beating monitoring, xLight, a chip manufacturing startup backed by the U.S. government, is in negotiations to raise $350 million. Boardman Bay Capital Management and Bain Capital are expected to lead the round. The U.S. government has invested $150 million in xLight through the Chips and Science Act and may be a major shareholder. Former Intel CEO Pat Gelsinger serves as xLight's executive chairman, with his venture firm Playground Global having invested in the company in 2025. xLight is developing alternative light sources for extreme ultraviolet (EUV) lithography to reduce manufacturing time and costs for advanced server chips, with plans to complete its first usable light source by 2028.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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