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)