U.S. government to take an equity stake in private tech startup xLight
CNBC Television·2025-12-02 17:31
The US government announcing its newest plan to take an equity stake in a private company. Our Christina parts Nevalos is at the NASDAQ with some details. Morning KP. >> Good morning, Carl.Well, the Trump administration, like you said, is making its first bet under the Chips Act, a $150 million investment in Exite, a startup where former Intel CEO Pat Galsinger now serves as executive chairman. Uh, I was able to speak with Pat Galsinger about 20 minutes ago, and he told me this deal moves much faster. He ex ...