The US government allocates $500 million to SandboxAQ for semiconductor material research and development

The US government has allocated $500 million to SandboxAQ for the development of new chemicals and materials needed for semiconductor manufacturing, which was allocated by US President Trump under the CHIPS Act. The plan has provided $150 million in investment in new chip manufacturing equipment and $2 million in investment in the field of quantum computing. SandboxAQ, supported by NVDA. O, was valued at $5.75 billion in April 2025 and has raised over $1 billion to date.