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SandboxAQ Secures $500 Million CHIPS Act R&D Award to Insulate Semiconductor Supply Chains
The U.S. Department of Commerce’s CHIPS Research and Development Office has signed a definitive agreement awarding $500 million to AI-and-quantum technology startup SandboxAQ to address acute supply chain vulnerabilities in domestic semiconductor manufacturing. Part of a broader federal push under the Trump administration to reshore high-assurance tech manufacturing, the multi-million-dollar contract tasks the NVIDIA-backed enterprise with inventing and commercializing alternative chemical formulations and advanced materials to bypass foreign chokepoints. In a unique structuring of federal R&D awards, the Department of Commerce will receive a minority, non-voting equity stake in SandboxAQ, alongside future royalty payments derived from formulas licensed out to industrial partners for mass production.
