US Commerce Dept Invests $300M in Quantum Computing via CHIPS Act

Key Facts

1The U.S. Department of Commerce used CHIPS Act funds to purchase $100 million minority stakes each in Rigetti, D-Wave, and Quantinuum.

In a move reflecting the strategic push to secure technological leadership, the U.S. Department of Commerce has finalized $300 million in investments to bolster the quantum computing sector. According to reports, the department utilized CHIPS Act funds to purchase $100 million minority stakes each in Rigetti, D-Wave, and Quantinuum. This funding is specifically designed to support domestic manufacturing and technical advancements in cooling systems and supply chain scaling.

This direct government intervention serves as a significant validation of the domestic quantum industry under the broader framework of the CHIPS Act. The investment targets specific operational goals, including domestic manufacturing for Quantinuum and cooling system development for Rigetti. Per market context, such capital injections are aimed at fortifying the U.S. technical infrastructure against global competition.

Monitoring market performance, the QNT instrument stood at $48.89 (close September 09, 2026), having reached a day high of $53.12 during that session. With no immediate sector-specific catalysts in the upcoming economic calendar, investors will likely focus on how these firms deploy the new capital to achieve the technical milestones required by the Department of Commerce.