Commerce commits to funding incentives with 9 companies to spur quantum development

The Commerce Department signed letters of intent with nine quantum computing and quantum foundry companies to receive CHIPS and Science Act funding for innovation in quantum computing. $2.013 billion will be allocated across the ecosystem, including $1 billion for IBM and $375 million for GlobalFoundries to build quantum technology-specific foundries. IBM will manufacture quantum-grade superconducting wafers, while GlobalFoundries will scale components across multiple quantum computing architectures and modalities, including superconducting circuits, photonics, and trapped ions. The remaining seven companies will use funding to advance proprietary quantum computing technologies. Infleqtion will receive $100 million for neutral atom quantum computers, Diraq will receive $38 million for silicon spin qubits, and the other six will each receive $100 million.

"The Commerce Department signed letters of intent with nine quantum computing and quantum foundry companies to provide funding from the CHIPS and Science Act to support innovation in quantum computing. Announced on Thursday, $2.013 billion in CHIPS funding will go to IBM, GlobalFoundries, Atom Computing, Diraq, D-Wave, Infleqtion, PsiQuantum, Quantinuum and Rigetti to spur different components of the burgeoning quantum computing ecosystem."

"IBM and GlobalFoundries will receive $1 billion and $375 million, respectively, to build quantum tech-specific foundries. IBM will focus on manufacturing quantum-grade superconducting wafers, while GlobalFoundries will be tasked with scaling components of leading quantum computing architectures and modalities, such as superconducting circuits, photonics, trapped ions and more."

"The remaining seven companies will use Commerce's funding to improve their proprietary quantum computing technologies and modalities. Infleqtion, for example, manufactures quantum computers powered by neutral atom systems, and will receive $100 million to further scale its work."

"Of the seven companies funded to continue innovation in their individual quantum computing spaces, Diraq, which specializes in quantum computing via silicon spin qubits, received $38 million. The other six each received $100 million. "With today's CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation," Commerce Secretary Howard Lutnick said in a press release."

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