GF, Quantum Computing Firms Receive CHIPS Funding

By Mark LaPedus

The U.S. Department of Commerce has awarded five companies in the quantum field with funding under the CHIPS and Science Act.

GlobalFoundries, a foundry vendor, is one of the award winners. The other award winners are quantum computing companies, including Rigetti, D-Wave, PsiQuantum and Quantinuum.

Here are more details about the awards:

*The U.S. Department of Commerce announced the signing of a final award of up to $375 million to GlobalFoundries (GF) under the CHIPS and Science Act. This award provides funding towards R&D to support the establishment of a secure, domestic quantum foundry that will serve multiple quantum architectures and modalities, as well as R&D related to differentiated capabilities in cryogenic CMOS process design kits, advanced packaging and heterogenous integration.

(GF has also recently announced it has entered into a $300 million letter of intent with the Department’s CHIPS Research and Development Office to accelerate R&D in silicon photonics.)

*Rigetti received up to $100 million in funding under the CHIPS and Science Act. The R&D funded by this award addresses key technical challenges to develop and scale next-generation superconducting quantum computing technologies, including readout electronics, cryostat architectures, and fabrication capability for high-connectivity chip architectures.