The Trump administration agrees to inject up to $150M into xLight, which makes lasers for EUV machines and has Pat Gelsinger on its board, for an equity stake
XLight to get up to $150 million to develop ultraprecise lasers for squeezing more circuits onto semiconductors
Q&A with ex-Intel CEO Pat Gelsinger on the “decay” at Intel, the Chip Act's terrible execution, the irony of Lip-Bu Tan broadly following his strategy, and more
Michael Acton / Financial Times :
Gloo, which develops AI tools for Christian churches and counts Pat Gelsinger as executive chair, closed up 1% in its Nasdaq debut after raising $73M in its IPO
George Steer / Financial Times :
Filing: Gloo, a developer of AI tools for Christian churches with ex-Intel CEO Pat Gelsinger as its head of technology, seeks an $873.4M valuation in its US IPO
Gloo Holdings, a religious-oriented technology firm, is seeking a valuation of up to $873.4 million in its U.S. initial public offering …
xLight, which is developing a new class of laser for EUV machines in partnership with ASML, raised a $40M Series B led by Playground Global
exciting times for chipmaking innovation! Nikolas Prokopiou / @nikpro98 : @Reuters Semiconductor sovereignty is the new space race. $40M is just the opening bid in what will be a trillion-dollar battl...
Snowcap Compute, which is working on building AI computing chips using superconducting tech, raised a $23M seed and says Pat Gelsinger will join its board
Snowcap Compute, a startup working on building artificial intelligence computing chips using superconducting technology …
Former Intel CEO Pat Gelsinger joins VC firm Playground Global as a GP and the board of portfolio startup xLight, which develops lasers for chip manufacturing
Jordan Novet / CNBC :
Pat Gelsinger says TSMC's pledge to invest $100B+ in US chip manufacturing will do little to restore the US' chipmaking leadership, as R&D will remain in Taiwan
Reveals the One Missing Piece
A look at Intel's problems, starting with 2016's 10nm node: 7/11 board members have no chip experience, most CEO options are worse than Pat Gelsinger, and more
Intel's board is incompetent and its horrible decisions over the decades are going to push it towards death.
Pat Gelsinger was dealt a bad hand by Intel's board, which gave him just three years to execute a turnaround despite challenging timing and circumstances
M.G. Siegler / Spyglass :