U.S. Gets Minority Stakes in Some Quantum Computing Companies in $300 Million CHIPS Act Funding Deal

The U.S. government is acquiring equity positions in the quantum sector, securing minority stakes across select firms under a $300 million CHIPS Act funding program. Quantum developers gain substantial federal capital in exchange for direct public ownership. Under finalized definitive agreements, D-Wave Quantum is slated for up to $100 million from the U.S.

Concurrently, Rigetti entered into its own $100 million definitive agreement with the federal government, and a Broomfield technology company secured an identical $100 million award. Public details about the ownership structures vary across disclosures. The Wall Street Journal reports that the overarching $300 million deal confers minority stakes to the government, but headlines for Rigetti and the Broomfield tech firm do not specify whether their funding mechanisms require equity or warrant grants equivalent to D-Wave's planned stock issuance.

Reporting also leaves the corporate identity of the Broomfield entity unconfirmed. The timeline for share distribution, the specific voting rights tied to federal holdings, and the exact percentage stakes acquired by the Commerce Department are not revealed in the initial announcements.