US Commerce Department Grants SandboxAQ $500 Million for AI-Powered Semiconductor Research

The U.S. Department of Commerce has allocated $500 million to SandboxAQ under the CHIPS and Science Act. This funding aims to accelerate the company's AI-driven platform for discovering new semiconductor materials. The initiative seeks to mitigate supply chain risks and address bottlenecks by developing advanced materials like PFAS-free chemicals and rare earth-free magnets for chip manufacturing.