US Government Gets Something Back for $300M in Quantum Grants
AI Generated Image

US Government Gets Something Back for $300M in Quantum Grants

Newser business

Key Points:

  • D-Wave plans to develop a 100,000-qubit annealing system and a 10,000-qubit gate-model quantum computer as part of its expansion efforts.
  • Rigetti aims to enhance its quantum hardware by miniaturizing readout electronics, increasing cryogenic capacity, and improving chip fabrication techniques.
  • Quantinuum is investing in US-based quantum semiconductor manufacturing through partnerships with GlobalFoundries and Monarch Quantum.
  • GlobalFoundries secured a $375 million, five-year federal contract to boost domestic quantum manufacturing capabilities.
  • These initiatives are part of a larger $2 billion CHIPS program supporting nine quantum firms, including a $1 billion quantum chip foundry for IBM, emphasizing the US government's commitment to scaling and commercializing quantum technology.

Trending Business

Trending Technology

Trending Health