Rigetti Computing, D-Wave Quantum, Quantinuum Secure $100M Government Contracts to Advance Quantum Computing
Rigetti Computing (NASDAQ: RGTI), D-Wave Quantum (QBTS), and Quantinuum have each signed contracts with the U.S. Department of Commerce worth up to $100 million under the CHIPS Act, aimed at accelerating quantum computing research and development in the United States. The funding is intended to bolster domestic capabilities in superconducting quantum technologies for Rigetti Computing based in Berkeley, California. The initiative reflects a broader government strategy to strengthen U.S. leadership in emerging tech sectors by investing directly into key companies driving innovation. These contracts are expected to have significant implications for the quantum computing sector, potentially increasing R&D output and enhancing national technological competitiveness.
Topics: CHIPS Act Quantum Computing R&D Funding