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Commerce Department invests $300M in D-Wave, Rigetti and Quantinuum, takes equity stakes

The US Commerce Department is distributing $300 million in CHIPS Act funding equally among D-Wave Quantum, Rigetti Computing, and Quantinuum, giving each $100 million while also acquiring minority ownership stakes in the companies. The money targets hardware manufacturing challenges like cryogenics, semiconductor fabrication, ion traps, and photonics rather than quantum software development.

Quantinuum unveils 98-qubit Helios trapped-ion quantum processor

Quantinuum has introduced Helios, a 98-qubit trapped-ion quantum computer that uses a four-way junction to shuttle ions between memory and processing zones, alongside new control software called Helios runtime that schedules ion movement and laser operations. It surpasses the company's earlier machines, which had 32 qubits in 2023 and 56 qubits in 2025, making it the largest trapped-ion system built so far.

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