US prepares USD 2 bln CHIPS Act funding for nine quantum innovators
The US Department of Commerce has provisionally agreed to back nine quantum computing developers with USD 2.01 billion in CHIPS Act appropriations: GlobalFoundries, IBM, Atom Computing, Diraq, D-Wave, Infleqtion, Quantinuum, PsiQuantum and Rigetti. A letter of intent (LoI) signed with each developer sets out the amount of investment proposed by the Commerce Department and its entitlement to a non-controlling minority stake to generate returns for the US taxpayer. Under these plans, IBM and GlobalFoundries w