Quantinuum Finalizes $100M CHIPS Act Award for Quantum Computing Manufacturing

Quantinuum Inc. has finalized a definitive agreement with the U.S. Department of Commerce to receive an award of up to $100 million under the CHIPS Act of 2022. The funding is designated for research and development to scale the manufacturing of its trapped-ion-based quantum computing systems in the United States. In exchange for the award, the company issued 2,369,528 shares of its Class A common stock to the Department of Commerce.

Key Details

• Award Agreement: The company will receive up to $100 million, with an initial disbursement of $56 million on or about the award date of September 4, 2026. Two subsequent payments of $32 million and $12 million are contingent on achieving project milestones.
• Project Focus: The award will fund R&D activities to address technical challenges in scaling trapped-ion quantum computers, including the development of integrated photonics, control ASICs, and other critical optical components.
• Equity Issuance: In connection with the award, Quantinuum issued 2,369,528 shares of Class A common stock to the U.S. Department of Commerce on September 8, 2026.