Quantinuum Finalizes $100M CHIPS Funding Agreement for Trapped-Ion Quantum Computing

Insider Brief

• Quantinuum has finalized a $100 million CHIPS and Science Act funding agreement with the U.S. Department of Commerce to support trapped-ion quantum computing R&D and domestic manufacturing.
• The funding will support next-generation ion traps and electronics, including work with GlobalFoundries on 300mm wafer fabrication and Monarch Quantum on lasers and optical components.
• The program aims to strengthen Quantinuum’s U.S. supply chain and support the scaling of large-scale, fault-tolerant trapped-ion quantum computers.

PRESS RELEASE — Quantinuum (Nasdaq: QNT), a leading quantum computing company, today announced it has finalized an agreement with the U.S. Department of Commerce’s CHIPS Research and Development Office for $100 million in federal funding deployed through the CHIPS and Science Act. The award, which follows a letter of intent announced in May, supports R&D and U.S. quantum semiconductor manufacturing capabilities needed to deploy large-scale, fault-tolerant trapped-ion quantum computers.

Quantinuum, which was the only company with a trapped-ion based architecture to be awarded CHIPS R&D funding, develops the world’s most accurate commercial^[1] computers with industry-leading error correction fidelity.^[2] The company leverages established semiconductor manufacturing processes to help ensure reliability, repeatability, and scalability of the company’s current and future quantum computers.