Sentence Correction

Now that so much data travels via light-i.e., is carried in glass fibers rather than by electrical current-one goal of semiconductor research is to develop a silicon chip that can transmit and receive light signals directly, a development that may one day lead to smaller, faster semiconductors.

(A) to develop a silicon chip that can transmit and receive light signals directly, a development that may one day lead

(B) to develop a silicon chip with the capability of transmitting and receiving light signals directly, which may one day lead

(C) the development of a silicon chip that has the capability of transmitting and receiving light signals directly, a development maybe one day leading

(D) developing a silicon chip that can transmit and receive light signals directly, which may one day lead

(E) developing a silicon chip with the ability to transmit and receive light signals directly, with this development maybe one day leading

Should be A.

Whenever we need to present the intent or the purpose to be stated of any action, we use "to verb" form (infinitive) so narrowed the choice to A and B.
In B, the modifier which refers to light signals and thus it is incorrect.