Trump administration to inject up to $150 million into XLight, WSJ reports

FILE PHOTO: Then Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei, Taiwan June 4, 2024. REUTERS/Ann Wang/File Photo

02 Dec 2025 09:21AM (Updated: 02 Dec 2025 09:25AM)

WASHINGTON, Dec 1 : The Trump administration has agreed to take an equity stake in former Intel CEO Pat Gelsinger’s XLight startup, the Wall Street Journal reported on Monday, citing the U.S. Commerce Department.

The newspaper said the Trump administration will inject up to $150 million into the company.

Also worth reading