Atom Computing signed an LOI with the U.S. Department of Commerce for proposed $100 million quantum computing funding.

Rigetti Computing signs a letter of intent with the US Department of Commerce for up to $100M in funding to advance superconducting quantum computing.

PsiQuantum signed a LoI with the U.S. Department of Commerce for $100 million to support photonic quantum computing technologies.

Quantinuum signed a letter of intent with the U.S. Department of Commerce’s CHIPS Research and Development Office for proposed federal funding.

The US Department of Commerce has signed nine CHIPS Act letters of intent worth $2bn, taking equity stakes in IBM, D-Wave, Rigetti and others.

The U.S. Department of Commerce signed nine letters of intent totaling $2.013 billion in proposed CHIPS Act incentives to support quantum.

Atom Computing signed an LOI with the U.S. Department of Commerce for proposed $100 million quantum computing funding.

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.