The letters of intent provide over $2 billion in funding from the CHIPS and Science Act to spur research and development in fault-tolerant quantum computing.
Al Drago/Getty Images
By
Alexandra Kelley,Staff Correspondent, Nextgov/FCW
By
Alexandra Kelley
The U.S. Department of Commerce signed nine letters of intent totaling $2.013 billion in proposed CHIPS Act incentives to support…
The funds will support GlobalFoundries and IBM, along with seven quantum computing companies, in their efforts to develop…
Plus a round up of other quantum computing news
The U.S. Department of Commerce has signed nine non-binding letters of intent (LOIs) to allocate $2.013 billion in federal…
The US Department of Commerce has signed nine CHIPS Act letters of intent worth $2bn, taking equity stakes in IBM, D-Wave,…
Quantinuum signed a letter of intent with the U.S. Department of Commerce’s CHIPS Research and Development Office for proposed…
