FundraiseSep 9, 2026, 03:19 UTC

Quantinuum secures $100M in federal CHIPS funding to scale quantum computing

What's the deal? Quantinuum, a Broomfield, Colorado-based quantum computing company, has finalized a $100 million federal grant from the US Department of Commerce's CHIPS Research and Development Office. The award, deployed through the CHIPS and Science Act, follows a letter of intent announced in May.

What's the money for? The funding supports R&D and US quantum semiconductor manufacturing needed to deploy large-scale, fault-tolerant trapped-ion quantum computers. Quantinuum was the only company with a trapped-ion architecture to receive CHIPS R&D funding.

Why it stands out: The $100 million award ranks among the largest grant rounds on record, sitting in the top 1% of more than 72,000 grant deals tracked all-time.

What's the endgame? Quantinuum, which trades on the Nasdaq as QNT, is building fault-tolerant quantum systems using established semiconductor processes for reliability and scale. The grant will help strengthen and diversify its supply chain with two onshore partners.

GlobalFoundries will fabricate next-generation ion traps and control electronics using 300mm wafer technology. Monarch Quantum will develop and manufacture lasers and optical components for the trapped-ion systems.

What they're saying: "This award is a validation of Quantinuum's leadership in trapped-ion quantum computing," said Rajeeb Hazra, president and chief executive officer of Quantinuum. GlobalFoundries CEO Tim Breen added: "As quantum computing moves closer to commercial scale, manufacturing will be critical to unlocking its full potential."

The signal: Federal money is flowing to shore up domestic quantum and semiconductor manufacturing, tying commercial quantum ambitions to US industrial policy and onshore supply chains.