Quantinuum receives $100 million in US CHIPS Act funding for quantum computing

Quantinuum has signed an agreement with the US Department of Commerce to secure $100 million under the CHIPS Act. The funding is designated for the development and manufacturing of fault-tolerant trapped-ion quantum computers. To support domestic scaling, GlobalFoundries will handle the production of ion traps and microelectronics on 300mm silicon wafers, while Monarch Quantum will develop scalable lasers and optical components. The initiative aims to simplify system architecture and strengthen the independence of the US quantum supply chain.