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 -> A good construction, Infinitve to express intent and Noun + Noun Modifier structure which is used to modify the complete goal to develop a silicon chip.
B. to develop a silicon chip with the capability of transmitting and receiving light signals directly,
which may one day lead -> which is a relative pronoun and cannot modify a clause.
C.
the development of a silicon chip that has the capability of transmitting and receiving light signals directly, a development maybe one day leading
Instead of using infinitive, the goal is development (a noun phrase) that makes the sentence verbose.
D.
developing a silicon chip that can transmit and receive light signals directly,
which may one day lead -> Same issue as B) and gerund (developing) doesn't show the intent.
E.
developing a silicon chip with the ability to transmit and receive light signals directly,
with this development maybe one day leading -> Gerund construction and with makes it as adverbial modifier and it modifies the verb of the previous clause which doesn't make sense.