Former Intel CEO Pat Gelsinger, who is currently at Playground Global, is actively supporting portfolio company xLight. xLight is a semiconductor startup focused on developing free electron laser technology for advanced chip lithography. The company announced it has reached a preliminary agreement with the U.S. Department of Commerce, under which the Department will invest up to $150 million and become xLight’s largest shareholder. This move highlights the government’s increasing equity investments in strategic technology sectors. xLight aims to produce its first wafers by 2028 and positions its external light source model as an innovative technology that could break through Moore’s Law. However, the company has not yet secured formal purchase commitments from major chip manufacturers such as Intel or ASML.