GoKawiilCommerce 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.