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Tech & Startups

xLight’s $350m bet to break ASML’s chip monopoly

The Next Web Netherlands 24 June 2026, 16:36 UTC 24 Jun 2026

xLight’s $350m bet to break ASML’s chip monopoly — The Next Web

xLight, a US-backed startup chaired by former Intel chief Pat Gelsinger, is raising $350m to build an xLight EUV light source that could loosen ASML’s grip on chipmaking. Days earlier, a Dutch rival took aim at Nvidia. Deep-tech chips are hot again. The hardware behind AI is pulling in venture money again. xLight, a Californian […] This story continues at The Next Web

This story was reported by The Next Web. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

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