The US Department of Commerce has signed nine letters of intent with quantum computing companies to provide $2.013 billion in federal incentives under the CHIPS and Science Act.

Announced last week (May 21), the companies include two US quantum foundry companies – IBM and Global Foundries – and seven quantum computing firms – Atom Computing, Diraq, D-Wave, Infleqtion, PsiQuantum, Quantinuum, and Rigetti Computing.

Issue 60 - Quantum of promise

Building the chips to power quantum computers

23 Mar 2026