Ex-Intel CEO Pat Gelsinger Joins Playground Global as General Partner
Former Intel CEO Pat Gelsinger has joined Playground Global as a general partner and taken on an executive role at xLight, focusing on deep tech investments with tenfold performance improvements.
Published on March 28, 2025
Pat Gelsinger, the former CEO of Intel, has joined Silicon Valley-based venture capital firm Playground Global as a general partner. He will also take on the role of executive chairman at startup xLight, a portfolio company developing a more energy-efficient laser for extreme ultraviolet lithography. With Playground Global managing $1.2 billion in assets since its inception in 2015, Gelsinger is set to collaborate with 10-20 companies focused on deep tech investments aimed at achieving at least a tenfold improvement over current standards.
Details of his transition emerged in late March 2025, with interviews from Axios and Reuters highlighting his vision for advancing semiconductor technologies. This move underscores his commitment to reshaping industry benchmarks and supporting innovations that could further enhance Moore's Law through breakthrough manufacturing techniques.