The U.S. Department of Commerce will provide up to $100 million each to Rigetti, D-Wave, and Quantinuum under the CHIPS Act, for a combined total of as much as $300 million, according to Odaily. The department will also take minority stakes in all three companies. The funding is intended to support research and development tied to fault-tolerant quantum computers, including hardware, manufacturing, and error-correction systems.
The update also carries implications for the crypto sector’s longer-term security planning. Ethereum has set December 2029 as its deadline for making the execution layer, consensus layer, and data layer quantum resistant. On the Bitcoin side, developers are advancing two post-quantum signature migration proposals, BIP-360 and BIP-361. Industry participants believe a workable migration path needs to be in place before 2029. Together, those timelines show that quantum-readiness is being treated as a concrete engineering target across both computing and blockchain infrastructure.
Odaily says the U.S. Department of Commerce plans to give as much as $100 million apiece to Rigetti, D-Wave, and Quantinuum under the CHIPS Act, pushing the total possible funding to as high as $300 million. And the department will take minority equity stakes in all three companies.
The money is meant to push research and development for fault-tolerant quantum computers—hardware, manufacturing, and error-correction systems included. Straight to the point.
In crypto, Ethereum has picked December 2029 as the deadline to make its execution layer, consensus layer, and data layer quantum resistant. Bitcoin developers are moving ahead with two post-quantum signature migration proposals as well: BIP-360 and BIP-361. So yes, industry participants think a workable migration path has to be in place before 2029.
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