D-Wave, Rigetti, and Quantinuum Secure $300 Million in U.S. Government Funding for Quantum Computing R&D
Rigetti Computing (NASDAQ: RGTI), D-Wave Quantum (NASDAQ: QBTS), and Quantinuum Holdings Inc. (NYSE: QNT) have each received up to $100 million from the U.S. Department of Commerce under the CHIPS Act, in exchange for equity stakes. The funding is intended to support research and development as well as commercialization efforts in quantum computing. Rigetti plans to use its funds on improving chip cooling systems and connectivity solutions necessary for scaling superconducting quantum computers. D-Wave will focus on expanding domestic capabilities and strengthening supply chains, while Quantinuum aims to diversify manufacturing partnerships with companies like GlobalFoundries and Monarch Quantum. Despite the government backing, these firms remain in early development stages, and investors should not expect immediate commercial viability or profitability from their quantum computing initiatives. The market valuations of all three already reflect expectations for future success.
Topics: CHIPS Act Commercialization Quantum Computing R&D Funding