Categories: Tech & Auto

Trump administration to inject up to $150 million into XLight, WSJ reports

WASHINGTON, Dec 1 (Reuters) – 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. (Reporting by Jasper Ward; Editing by Tom Hogue)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Share
Published by
Indianews Syndication

Recent Posts

Panorama Studios Invests in Rocket Reels, Fueling India’s First Original Stories Vertical OTT Platform

In a significant development for India’s rapidly evolving digital entertainment landscape, Kumar Mangat Pathak and…

2 hours ago

HSBC India Offers Zero Forex Markup Across All Its Credit Cards

Continues to keep Dynamic Currency Conversion (DCC) charges at Zero Mumbai (Maharashtra) [India], August 13:…

4 hours ago