xLight, a startup developing advanced lasers for extreme ultraviolet (EUV) lithography machines, is raising $350 million in a funding round led by Boardman Bay and Bain Capital.
The funding will support xLight's development of laser systems critical to next-generation semiconductor manufacturing. EUV lithography enables chipmakers to produce smaller, more powerful processors by using extreme ultraviolet light to etch circuit patterns onto silicon.
xLight's technology addresses a key bottleneck in semiconductor production. Major chipmakers like TSMC and Samsung rely on EUV machines to maintain competitive advantages in advanced chip manufacturing.
Boardman Bay and Bain Capital's involvement signals strong investor confidence in the company's technical approach and market opportunity. The funding round underscores growing investment in semiconductor supply chain infrastructure as governments and companies prioritize chip independence.
xLight joins other specialized suppliers gaining traction in the semiconductor equipment sector, which has seen increased capital deployment amid global chip demand and geopolitical tensions around manufacturing capabilities.
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