U.S. Department of Commerce Proposes $2 Billion CHIPS Investment Across Nine Quantum Hardware and Foundry Developers - Quantum Computing Report

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U.S. Department of Commerce Proposes $2 Billion CHIPS Investment Across Nine Quantum Hardware and Foundry Developers

The U.S. Department of Commerce has signed nine non-binding letters of intent (LOIs) to allocate $2.013 billion in federal incentives under the CHIPS and Science Act. Administered by the CHIPS Research and Development Office, the capital injection establishes a national portfolio targeting advanced manufacturing, sovereign microelectronics innovation, and hardware optimization. The overarching strategic mandate seeks to build domestic semiconductor supply-chain resilience and secure national security infrastructure across five quantum computing modalities: neutral-atom, silicon-spin, superconducting, photonic, and trapped-ion. As a protective condition for the distribution of these federal funds, the U.S. Department of Commerce will obtain passive, minority non-controlling equity stakes in each recipient entity.