Quantinuum Secures $100 Million CHIPS R&D Funding from U.S. Department of Commerce to Advance Ion Trap Quantum Computing Manufacturing Capability in the U.S.

Quantinuum, a leading company in the quantum computing field (NASDAQ: QNT), has finalized an agreement with the U.S. Department of Commerce’s CHIPS R&D Office for $100 million in federal funding. The funding, announced in May following the letter of intent, will support the research and development required for deploying large-scale fault-tolerant ion trap quantum computers and enhancing the U.S. quantum semiconductor manufacturing capability. The federal funding will support the crucial R&D work needed for scalable fault-tolerant ion trap quantum computing and boost the U.S. quantum semiconductor manufacturing capacity. The company will collaborate with GlobalFoundries to manufacture the next generation of…