U.S. takes minority stakes in D-Wave, Rigetti and Quantinuum through $300 million CHIPS Act deal

  • Commerce Department finalized $100 million CHIPS Act agreements with D-Wave, Rigetti and Quantinuum.
  • D-Wave rose 6.57%, Rigetti gained 4.01%, and Quantinuum advanced 1.65% in Tuesday trading.
  • IonQ raised its 2026 revenue outlook to $450 million to $460 million.

The U.S. Department of Commerce finalized $100 million CHIPS and Science Act funding agreements with D-Wave Quantum, Rigetti Computing and Quantinuum, taking minority, non-controlling equity stakes in each company. The awards are part of a broader $2 billion quantum-computing initiative that includes $1 billion for an IBM quantum chip foundry in Albany, New York. The funding targets research, development, domestic manufacturing and supply-chain capacity rather than commercial contracts. In Tuesday trading, D-Wave rose 6.57%, Rigetti gained 4.01% and Quantinuum advanced 1.65%, while the S&P 500 fell 0.58% and the Nasdaq declined 0.12%. IonQ, which was not among the funding recipients, raised its 2026 revenue outlook to $450 million to $460 million from $280 million to $290 million and introduced its Superion 256 quantum platform.

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