Former Intel CEO Pat Gelsinger Joins Playground Global to Drive Semiconductor Innovation

Gelsinger transitions to venture capital, taking on a leadership role at Playground Global and chairing xLight to advance cutting-edge chip manufacturing technologies.

• Pat Gelsinger, who departed Intel in December 2024 following strategic disagreements, has joined venture capital firm Playground Global as a general partner.
• Playground Global, managing $1.2 billion in assets, specializes in deep technology investments, including semiconductors and quantum computing.
• Gelsinger’s first major move at Playground is joining xLight as executive chairman, a company developing energy-efficient lasers for extreme ultraviolet lithography machines.
• xLight’s laser technology aims to sustain Moore's Law by enabling the production of smaller, faster chips while reducing energy consumption in manufacturing.
• Gelsinger plans to work with 10 to 20 of Playground’s portfolio companies, focusing on technologies that outperform existing solutions by a factor of 10.

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