Trump administration to inject up to $150 million into XLight: Report

Image for Trump administration to inject up to $150 million into XLight: Report


Synopsis

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

Image for Trump administration to inject up to $150 million into XLight: Report
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.

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