Quantinuum Strengthens Quantum Computing Manufacturing Base With Partnerships and Grant of Up to $100 Million
Key Facts
Quantinuum said in its third-quarter 2026 results announcement that it had strengthened the manufacturing base for its future quantum systems through partnerships with GlobalFoundries, Infineon, Honeywell Aerospace and Monarch Quantum, and completed a research and development grant agreement tied to the CHIPS program. The company said the progress is part of building the capabilities needed to manufacture trapped-ion quantum computing systems. On September 8, it announced it had completed an agreement with the U.S. Department of Commerce for up to $100 million in federal funding. The grant is intended to support research and development and strengthen quantum semiconductor manufacturing in the United States. Chief Executive Officer Rajeeb Hazra said domestic partners are building “the technical foundation and supply chain foundation needed to scale fault-tolerant systems.”
The announced manufacturing roles are spread across the partners. Quantinuum said GlobalFoundries will manufacture next-generation ion traps and other electronics for its systems, with a focus on 300mm wafer technology. GlobalFoundries is expected to be one of several foundries the company uses, according to the September grant announcement. Monarch Quantum plans to manufacture lasers and optical components. These efforts will provide different components for the manufacturing base Quantinuum is seeking to strengthen for future systems. GlobalFoundries Chief Executive Officer Tim Breen said, “Manufacturing will be critical to unlocking the full potential of quantum computing as it approaches commercial scale.”
Quantinuum’s grant differs from funding announced separately for GlobalFoundries: in May, the Department of Commerce said it intended to provide the company with $375 million to establish a secure domestic quantum foundry serving multiple architectures, including trapped-ion systems. The department said quantum incentives are intended to strengthen domestic manufacturing capacity and address engineering challenges across different quantum computing modalities, supporting U.S. leadership and national security. It also said funding for each company is conditional on the department receiving a non-controlling minority equity stake. In Quantinuum’s case, the final grant announcement followed a letter of intent announced in May, the company said. It said the funding supports the research and development and quantum semiconductor manufacturing capabilities needed in the United States to deploy large-scale, fault-tolerant quantum computers.
The manufacturing update came alongside growth in Quantinuum’s revenue, which reached $9.1 million in the third quarter of 2026, up 233% year over year from $2.7 million in the same period of 2025. The company raised its 2026 revenue guidance to a range of $31 million to $34 million, from a previous range of $28 million to $32 million. On margins, the company reported a GAAP gross margin of 33.3% in the third quarter, compared with a negative margin of 43.5% in the same period a year earlier. The figures combine revenue growth with an improvement in gross margin, while the annual revenue guidance remains a range that the company has raised. The company’s figures cited here did not include net income.
On product plans, Quantinuum said its Sol system remains targeted for the second half of 2027, with integration and assembly targeted to begin in the first quarter of 2027. It said full-scale control-system validation is complete, with validation and tuning to follow toward a target of 100 logical qubits and a target logical error rate of 10⁻⁵. Apollo, the company said, remains on track for its 2029 target. It added that the timeline is based on design achievements, including validation that the cryogenic system can be deployed at the required scale. The company links its announced manufacturing partnerships to strengthening the foundation for its future systems, while the Sol and Apollo dates remain future targets announced by Quantinuum.