xLight, a Silicon Valley startup developing a novel laser technology for Extreme Ultraviolet (EUV) lithography machines in partnership with ASML, has announced a $40 million Series B funding round. Playground Global led the round. The company plans to use the funds to build the first prototype of its laser. The new laser class aims to improve the efficiency and power of EUV machines, which are critical for manufacturing advanced semiconductors. This funding underscores the importance of innovation in the chip manufacturing sector.