The Trump administration is planning to buy a direct stake in yet another chip technology company. Earlier this week, the Commerce Department announced that it had signed a letter of intent to buy up to $150 million of xLight, a startup that focuses on lithography, a critical part of the semiconductor-manufacturing process.

The move shows that the government’s nearly $9 billion dollar investment in Intel — for 10 percent stake in the company structured as a silent partnership — wasn’t a one-off, and that officials are moving forward with plans to buy equity in technology companies it deems critical.

As part of the latest deal, the startup will receive tens of millions in exchange for developing a prototype that would use free-laser electron technology to manufacture chips. The approach,

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