Rigetti signs LOI with US Commerce for up to $100 million CHIPS R&D funding

Rigetti Computing, Inc.

Rigetti Computing, Inc.

RGTI

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  • Rigetti signed a letter of intent with the U.S. Department of Commerce for an award of up to USD 100 million over three years to accelerate superconducting quantum computing R&D.
  • The LOI contemplates an equity stake for the Department tied to the total funding amount.
  • Funding is allocated under the CHIPS Research and Development Office Broad Agency Announcement pursuant to the CHIPS Act.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rigetti Computing Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605210715PRIMZONEFULLFEED9724642) on May 21, 2026, and is solely responsible for the information contained therein.

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