The US government is betting $300 million that quantum computing's real problem is manufacturing, not software
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The takeaway: The US Commerce Department is investing $300 million in three quantum-computing companies and taking minority ownership stakes in each as part of the deal. D-Wave Quantum, Rigetti Computing, and Quantinuum will each receive $100 million in CHIPS Act research and development funding. The investment is intended to expand quantum hardware research and strengthen US supply chains for advanced semiconductors and related technologies.
The awards are aimed at practical engineering work rather than quantum software. The companies are focused on building and manufacturing the components needed for larger, more reliable quantum systems, including processors, cryogenic equipment, semiconductor devices, lasers, and optical hardware.
Rigetti will use its funding to address the challenges of scaling superconducting quantum processors. The company said it plans to expand its cryogenic capacity and accelerate production at its specialized...
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