Trump Administration Invests $150 Million in Chip Startup to Counter China

The Trump administration is taking a significant step toward bolstering American chip manufacturing and reducing dependence on foreign technology. They’ve committed $150 million to xLight Inc., a semiconductor startup founded by former Intel CEO Pat Gelsinger, aiming to challenge ASML, the Dutch firm that dominates extreme ultraviolet lithography (EUV) production. 5G is expected to drive the growth of this new market in the coming years.