Rigetti Computing Receives $100M from US Government for Quantum Computing Development
Rigetti Computing (NASDAQ: RGTI) surged by over 30% after being awarded a $100 million grant under the CHIPS and Science Act. The Department of Commerce allocated $2.013 billion to nine companies, including Rigetti, IBM, and GlobalFoundries, to advance quantum computing technologies.
Topics: CHIPS and Science Act federal funding quantum computing Rigetti Computing