Rigetti Signs Definitive Agreement for $100M with U.S.

Quantum Computing Firms Score $100M Each From US

Quantum computing just pulled in a major cash infusion from Washington. D-Wave Quantum, Rigetti Computing, and Quantinuum have each locked in $100 million in CHIPS and Science Act funding, with the Commerce Department taking a small, non-controlling equity store in each company in return, reports Quartz. The $300 million package,...

U.S. Government Takes Minority Stakes In Rigetti (NASDAQ: RGTI), D-Wave (NASDAQ: QBTS), And Quantinuum (NASDAQ: QNT) With $100 Million Each

Shares of three quantum computing companies surged in early trading after the U.S. government finalized $100 million investments in each firm through a landmark federal initiative. Rigetti Computing (NASDAQ: RGTI), D-Wave Quantum (NASDAQ: QBTS), and Quantinuum (NASDAQ: QNT) each secured agreements with the U.S. Department of Commerce’s CHIPS Research and Development Office for the funding. […]

Rigetti Signs Definitive Agreement for $100M with U.S.

D-Wave, Rigetti, Quantinuum land $100M each in CHIPS Act funding

Each quantum computing company finalized a $100 million R&D agreement with the U.S. Department of Commerce, which will receive a minority stake in each firm

Quantinuum Finalizes $100 Million CHIPS Act R&D Award to Accelerate Trapped-Ion Manufacturing

Quantinuum has finalized a $100 million CHIPS Act R&D award to accelerate the manufacturing of trapped-ion quantum hardware. This funding will strengthen domestic semiconductor manufacturing, advance integrated optics, and scale fault-tolerant quantum computers by transitioning trapped-ion processing units to volume-manufacturable semiconductor platforms. Collaborating with GlobalFoundries and Monarch Quantum, Quantinuum aims to reduce complexit…

D-Wave, Rigetti and Quantinuum Each Get $100M in CHIPS Act Funding as U.S. Takes Equity Stakes

TLDR D-Wave, Rigetti, and Quantinuum each secured $100 million in CHIPS Act funding from the U.S. Department of Commerce The U.S. government will receive minority equity stakes in all three companies in exchange for the funding D-Wave shares rose 6.57%, Rigetti gained 4.01%, and Quantinuum climbed...