- The U.S. Department of Commerce signed nine letters of intent totaling $2.013 billion in proposed CHIPS Act incentives to support quantum foundries and quantum computing companies developing utility-scale, fault-tolerant quantum systems.
- IBM and GlobalFoundries are set to receive planned funding to expand domestic quantum manufacturing infrastructure, including superconducting wafer fabrication and secure multi-modality quantum foundry capabilities.
- The proposed incentives span multiple quantum computing approaches, with companies including Atom Computing, Diraq, D-Wave, Infleqtion, PsiQuantum, Quantinuum, and Rigetti Computing receiving planned support for challenges such as error correction, cryogenic integration, photonic packaging, and large-scale qubit control.
PRESS RELEASE — The Department of Commerce today announced the signing of 9 letters of intent to provide $2.013 billion in federal incentives under the CHIPS and Science Act.
These funds will support a portfolio of quantum companies, including two domestic quantum foundry companies and 7 quantum computing companies to accelerate solving the most critical technology challenges in the race to develop utility scale, fault-tolerant quantum computers.
The Department of Commerce’s quantum incentives are designed to strengthen America’s position in this critical frontier technology. Quantum computing has significant implications for national defense, advanced materials and biopharmaceutical discovery, financial modeling, and energy systems. A strong domestic quantum ecosystem is essential for U.S. national security, technological resilience and long-term strategic leadership.
These letters of intent demonstrate the Trump Administration’s commitment to strengthening American leadership in emerging technologies by investing directly in advanced manufacturing, research, and microelectronics innovation.
“With today’s CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation,” said Secretary of Commerce Howard Lutnick. “These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities.”