U.S. Government Takes Minority Stakes in Three Quantum Computing Firms for $100M Each
The U.S. government has taken minority stakes in three quantum computing companies—D-Wave, Rigetti Computing, and Quantinuum—as part of a funding initiative under the CHIPS Act. Each company received $100 million to expand domestic capabilities in this emerging technology sector. The move is intended to bolster national leadership in quantum technologies by supporting research, commercialization, and manufacturing efforts. Following the announcement, shares for all three companies rose significantly—D-Wave (QBTS) gained 10%, Rigetti Computing (RGTI) climbed 8%, and Quantinuum (QNT) increased by 6%. However, despite these gains, D-Wave and Rigetti have still lost more than a quarter of their value year-to-date. Quantinuum shares are down about 12% from its June IPO price. The government's investment reflects broader strategic goals to strengthen the quantum technology supply chain and ensure U.S. competitiveness in this critical field.
Topics: CHIPS Act Funding Equity Stakes Quantum Computing Stock Market Reaction