We consider a quantum-gate mechanism based on electron spins in coupled sem
iconductor quantum dots. Such gates provide a general source of spin entang
lement and can be used for quantum computers. We determine the exchange cou
pling J in the effective Heisenberg model as a function of magnetic (B) and
electric fields, and of the interdot distance a within the Heitler-London
approximation of molecular physics. This result is refined by using sp hybr
idization, and by the Hund-Mulliken molecular-orbit approach, which leads t
o an extended Hubbard description for the two-dot system that shows a remar
kable dependence on B and a due to the long-range Coulomb interaction. We f
ind that the exchange J changes sign at a finite field (leading to a pronou
nced jump in the magnetization) and then decays exponentially. The magnetiz
ation and the spin susceptibilities of the coupled dots are calculated. We
show that the dephasing due to nuclear spins in GaAs can be strongly suppre
ssed by dynamical nuclear-spin polarization and/or by magnetic fields. [S01
63-1829(99)01003-6].