Quantinuum Finalizes $100M CHIPS Funding Agreement for Trapped-Ion Quantum Computing

Insider Brief

Quantinuum has finalized a $100 million CHIPS and Science Act funding agreement with the U.S. Department of Commerce to support trapped-ion quantum computing R&D and domestic manufacturing.

The funding will support next-generation ion traps and electronics, including work with GlobalFoundries on 300mm wafer fabrication and Monarch Quantum on lasers and optical components.

The program aims to strengthen Quantinuum’s U.S. supply chain and support the scaling of large-scale, fault-tolerant trapped-ion quantum computers.

PRESS RELEASE — Quantinuum (Nasdaq: QNT), a leading quantum computing company, today announced it has finalized an agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for $100 million in federal funding deployed through the CHIPS and Science Act. The award, which follows a letter of intent announced in May, supports R&D and U.S. quantum semiconductor manufacturing capabilities needed to deploy large-scale, fault-tolerant trapped-ion quantum computers.