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News
IBM and Lockheed Martin Turn a Swiss Defense Deal Into a Quantum Computing Bet
1+ day, 13+ hour ago (302+ words) Lockheed Martin and IBM are using Switzerland's F-35 defense offset obligations to fund a quantum computing hub at ETH Zurich, pairing IBM's Nighthawk r2 processor with the Alps supercomputer....
Commerce Department Backs $300 Million Quantum Computing Push
2+ day, 16+ hour ago (764+ words) The U.S. Commerce Department finalized CHIPS Act awards worth up to $100 million each for quantum-computing companies Rigetti, D-Wave, and Quantinuum on Tuesday, taking minority equity stakes in all three. The funding, aimed at scaling the hardware and error-correction systems needed for…...
Commerce finalizes $375 million grant to GlobalFoundries for quantum chip business
2+ day, 14+ hour ago (630+ words) GlobalFoundries just finalized a deal in which the U.S. Commerce Department will give it $375 million over five years to build up its new quantum computing division, Quantum Technology Solutions. MALTA — GlobalFoundries and the U.S. Commerce Department finalized the government’s $375 million grant…...
Commerce Department Takes Equity Stakes in Rigetti, D-Wave and Quantinuum
3+ day, 2+ hour ago (516+ words) The Commerce Department finalized $300 million in CHIPS Act awards on September 8, giving Rigetti, D-Wave and Quantinuum $100 million each in exchange for minority equity stakes. It's the same cash-for-equity structure Washington used on Intel in 2025, now extended from chipmaking into quantum…...
GF, Quantum Computing Firms Receive CHIPS Funding
2+ day, 22+ hour ago (75+ words) Semiecosystem GF, Quantum Computing Firms Receive CHIPS Funding GlobalFoundries, Rigetti, D-Wave, PsiQuantum and Quantinuum obtain funding The U.S. Department of Commerce has awarded five companies in the quantum field with funding under the CHIPS and Science Act. GlobalFoundries, a foundry vendor,…...
The US government is betting $300 million that quantum computing's real problem is manufacturing, not software
3+ day, 8+ hour ago (228+ words) The awards are aimed at practical engineering work rather than quantum software. The companies are focused on building and manufacturing the components needed for larger, more reliable quantum systems, including processors, cryogenic equipment, semiconductor devices, lasers, and optical hardware. Rigetti…...
Update: US finalizes US$775 million in CHIPS quantum awards, with equity attached
3+ day, 22+ hour ago (191+ words) Washington has converted the largest federal bet yet on quantum computing from a promise into a contract, and it is taking ownership in return. On Sept. 8, the US Department of Commerce announced the signing of final awards with five companies…...
Quantum Computing Firms Score $100M Each From US
3+ day, 16+ hour ago (276+ words) 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... Quantum Computing Firms Score $100M Each From US Quantum computing just pulled in a major…...
Dealroom.co | Quantinuum secures $100M in federal CHIPS funding to scale quantum computing
4+ day, 2+ hour ago (254+ words) What's the deal? Quantinuum, a Broomfield, Colorado-based quantum computing company, has finalized a $100 million federal grant from the US Department of Commerce's CHIPS Research and Development Office. The award, deployed through the CHIPS and Science Act, follows a letter of…...
PsiQuantum Executes Definitive $100 Million CHIPS Act Award with U.S. Department of Commerce
4+ day, 5+ hour ago (239+ words) Mohamed Abdel-Kareem is Director of Data Operations & Strategic Content at Global Quantum Intelligence (GQI), where he leads the data and content operations supporting the Quantum Computing Report and GQI's broader quantum intelligence activities. Over the past three years, Mohamed has…...