The US Department of Commerce awarded $500M to Nvidia-backed SandboxAQ under the CHIPS Act to develop alternative chipmaking materials and reduce rare-earth

SandboxAQ Signs Definitive Agreement with the U.S. Department of Commerce for $500 Million CHIPS R&D Award

The US Commerce Department awarded Nvidia-backed SandboxAQ $500M under the CHIPS Act to invent PFAS-free, rare-earth-free chip materials, taking an equity stake.