The Technology Prosperity Deal: What It Means for U.S.–Sweden Business
A framework for cooperation across the technologies shaping transatlantic competitiveness, innovation, and security.
On May 22, 2026, the governments of the United States and Sweden signed the Technology Prosperity Deal (TPD), a new memorandum of understanding designed to deepen bilateral cooperation across the technologies that will define the next decade of economic competitiveness and security.
Source: whitehouse.gov
What Technology Prosperity Deal Is
The Technology Prosperity Deal (TPD) is a framework for collaboration, rather than a binding treaty. It commits the two governments to work together through joint research, coordinated standards-setting, and policy dialogue across eight areas:
Trusted AI and advanced connectivity, including 5G/6G supply chains and international telecommunications standards
Biomedical research and innovation, including health data cooperation and supply chain resilience
Manufacturing and industrial competitiveness, including digital and advanced manufacturing
Energy innovation, including civil nuclear cooperation and critical minerals
Space collaboration, including commercial partnerships and exploration
Defense innovation, through a new regulatory and policy dialogue
A secure quantum ecosystem, building on the existing Quantum Development Group
Security in research and industry, covering IP protection, investment screening, and safeguards for research talent and funding
A cross-cutting commitment to research security and integrity runs through all seven areas, reflecting both governments’ interest in protecting sensitive technology and supply chains as cooperation deepens.
Importantly, the Technology Prosperity Deal (TPD) builds on a long-standing foundation. It extends the 2006 U.S.–Sweden Agreement on Science and Technology Cooperation and operates within Sweden’s existing EU obligations. It creates no new funding commitments and no legally binding obligations; either government can exit with 180 days’ notice. Implementation will run through a joint committee whose structure is still being established.
Connect with AmCham Sweden
As implementation of the Technology Prosperity Deal progresses, AmCham Sweden will continue to convene conversations between business and government and share relevant developments with our members. Members are invited to share perspectives on commercial opportunities, practical challenges, and priorities for future TPD programs.
To learn more or contribute to the conversation, contact us at: info@amcham.se.
Why It Matters for Our Members
For companies operating across the U.S.–Sweden corridor, the Technology Prosperity Deal (TPD) signals where the two governments intend to reduce friction and encourage investment over the coming years. It won’t change law or regulation on its own, but it sets a direction of travel that’s worth understanding, whether your business sits squarely inside one of these eight areas or is simply tracking where transatlantic policy attention is headed next.
AmCham’s Role
AmCham Sweden is convening conversations to turn this framework into practical outcomes for our members by bringing together government, industry, and the U.S. Embassy to work through what the Technology Prosperity Deal’s (TPD) focus areas mean in practice. We’ll continue to share what we learn and create opportunities for members to engage directly as the agreement moves from signature to implementation.
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