PALO ALTO, Calif., May 22, 2026 — PsiQuantum has announced that the company has signed a Letter of Intent with the U.S. Department of Commerce for $100 million in proposed federal incentives under the CHIPS and Science Act to advance American quantum computing and semiconductor leadership. With these potential incentives, combined with co-investment by the company, […] The post PsiQuantum Signs $100M LOI with the US Department of Commerce appeared first on HPCwire .
The US government, through the CHIPS and Science Act, is actively investing in domestic semiconductor and advanced computing capabilities to secure technological leadership and supply chains.
This investment highlights the strategic importance of quantum computing and domestic semiconductor production for national security and economic competitiveness.
PsiQuantum secures significant federal funding, accelerating its quantum computing development and underscoring the US's commitment to leading in this critical technology.
- · PsiQuantum
- · US quantum computing sector
- · US Department of Commerce
- · US semiconductor industry
- · Competitors in quantum computing without similar state backing
- · Nations dependent on external quantum computing advancements
PsiQuantum gains substantial capital to accelerate its quantum computing and semiconductor integration research and development.
Increased US domestic production and innovation in quantum computing strengthens national technological sovereignty and reduces reliance on foreign supply chains.
This could spark a global race in quantum computing investment, with other nations boosting their own domestic programs to avoid falling behind.
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