Infleqtion signs LOI with US Commerce for USD 100 million CHIPS quantum funding

Infleqtion, Inc.

Infleqtion, Inc.

INFQ

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  • Infleqtion signed a letter of intent with the U.S. Department of Commerce’s CHIPS R&D office for USD 100 million in proposed funding to accelerate development of neutral-atom quantum computing systems in the U.S.
  • Funding remains contingent on due diligence, definitive award documents, required government approvals, eligible costs, and milestone-based technical progress.
  • The LOI also contemplates issuance of Infleqtion common stock to the department valued at USD 100 million at a 15% discount to market.


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