The United States grants $500 million to SandboxAQ to search for new materials for chip manufacturing.

Golden Ten Data June 17th｜The US government on Wednesday granted SandboxAQ $500 million to develop new chemicals and materials needed for domestic semiconductor manufacturing, including alternatives to PFAS (per- and polyfluoroalkyl substances). This funding is part of the research funds allocated by President Trump under the CHIPS Act. Previously, the plan had provided $150 million for investment in new chip manufacturing equipment, and $2 billion into quantum computing. SandboxAQ, supported by NVIDIA (NVDA.US), was valued at $5.75 billion in April 2025 and has raised over $1 billion to date.