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Quantinuum (Nasdaq: QNT), a leading quantum computing company, today announced it has finalized an agreement with the U.S. Department of Commerce's CHIPS Research and Development Office for $100 million in federal
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Filed: 2026-09-08 AccNo: 0001628280-26-060934 Size: 882 KB Item 1.01: Entry into a Material Definitive Agreement Item 3.02: Unregistered Sales of Equity Securities Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
D-Wave Quantum received up to $100 million in funding from the U.S. Department of Commerce under the CHIPS and Science Act, causing its stock to rise 10.86%. However, the government also awarded similar $100 million grants to rival quantum companies Quantinuum and Rigetti Computing. GlobalFoundries received the largest award at $375 million, suggesting it may be the government's preferred champion rather than D-Wave.
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