Quantinuum secures up to $100M CHIPS award under Commerce deals
Quantinuum signed two related U.S. Department of Commerce agreements for its trapped-ion quantum computing roadmap. An Other Transaction Agreement under the CHIPS Act provides up to $100 million, including $56 million at signing and $32 million milestone tranches.
S. Department of Commerce to support its trapped-ion quantum computing roadmap. Under an Other Transaction Agreement under the CHIPS Act, the company is set to receive up to $100 million, including $56 million at signing and additional milestone-based tranches of $32 million.