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Commerce holds stakes in five companies through its CHIPS quantum awards and releases award money as they meet milestones. DOE and DARPA pay for demonstrated or verified progress. The government is now an owner as well as a funder.
From a Finnish refrigerator at IBM to physicists trained in Britain, France, and Australia, U.S. quantum computers draw on other countries. Many domestic substitutes are years from scale, so Washington needs allied supply as well as factories.
For D-Wave, Rigetti, and Quantinuum, Commerce makes 44% to 56% of each $100 million available at the start and releases the remainder as the companies meet project milestones over up to five years.
