Pat Gelsinger's EUV lithography gig gets $150M wink from Uncle Sam

Commerce Department wants equity in xLight as it backs a free-electron laser to challenge ASML
The US Department of Commerce has signed a preliminary letter of intent to provide up to $150 million to xLight, a Palo Alto-based startup led by former Intel chief Pat Gelsinger, that is working on extreme ultraviolet (EUV) lithography.…