Rigetti signs letter of intent with U.S. for $100 million quantum funding
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Rigetti Signs Letter of Intent with U.S. Government for Quantum Computing Research
May 21, 2026 7:15 AM EDTBERKELEY, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (Rigetti or the Company), a pioneer in full-stack quantum-classical computing, today announced that it has signed a letter of intent (LOI) with the U.S. Department of Commerce (the Department) for an award of up to $100 million in funding over three years to accelerate superconducting quantum computing R&D.
The funding is allocated under the CHIPS Research and Development Office Broad Agency Announcement pursuant to the CHIPS Act to grow U.S. leadership in emerging technologies, including quantum computing. The LOI contemplates that the... More
