Diraq Signs $38 Million Letter of Intent Under CHIPS Act to Scale Silicon Spin Technology

Insider Brief

Diraq signed a Letter of Intent with the U.S. Department of Commerce for up to $38 million in proposed CHIPS funding to support the scaling and domestic production of silicon-based fault-tolerant quantum processors in the United States.

The company said its CMOS-based quantum architecture is designed to leverage existing semiconductor manufacturing processes to enable large-scale quantum systems with potentially millions of qubits on a single chip and physical qubit costs below $1.

GlobalFoundries said it is partnering with Diraq on cryo-CMOS quantum capabilities and semiconductor infrastructure as the company expands its U.S. operations, including a planned new site in Los Angeles.

PRESS RELEASE — – Diraq, the quantum computing pioneer, today announced it has signed a Letter of Intent (LOI) with the U.S. Department of Commerce for up to $38 million in proposed federal funding from the CHIPS Research and Development Office. This award would support production and scaling of fault-tolerant silicon quantum computing processors via the U.S. semiconductor industry.