U.S. awards $300 million in CHIPS quantum grants to D-Wave, Rigetti and Quantinuum
AI Market Summary
The US is allocating $2B under the CHIPS and Science Act to scale domestic quantum computing and manufacturing, with $100M awards to D-Wave, Rigetti, and Quantinuum, plus a $375M federal deal for GlobalFoundries and a $1B IBM quantum foundry initiative. The news supports US semiconductor capex, supply-chain localization, and longer-duration growth expectations for advanced compute hardware and fabrication ecosystems.
Impact level
● Medium
Affected assets
NCSKURA2USD/USDT-3.18%
AI Insight · NCSKURA2USD/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
The U.S. government is directing funding into quantum computing under the CHIPS and Science Act, awarding $100 million each to D-Wave Quantum, Rigetti Computing and Quantinuum. D-Wave said it plans to build a 100,000-qubit annealing system and a 10,000-qubit gate-model machine. Rigetti will focus on miniaturizing readout electronics and advancing chip fabrication, while Quantinuum will work with GlobalFoundries to expand U.S.-based quantum semiconductor manufacturing. GlobalFoundries also signed a $375 million, five-year federal contract tied to domestic quantum manufacturing efforts, according to The Wall Street Journal.
