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xLight finalizes $150M CHIPS Act agreement with US Department of Commerce

xLightFree-Electron Laser EUV Source

xLight finalized a binding agreement with the US Department of Commerce for $150M in CHIPS Act federal incentives. The funding will support construction and demonstration of a free-electron laser prototype at the Albany Nanotech Complex, with the first system expected to be operational by 2028.

  • Finalized binding agreement for $150M federal incentives
  • Government receives equity stake in xLight
  • Prototype construction to begin at Albany Nanotech Complex
  • First demonstration targeted for 2028
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