The U.S. Commerce Department will provide up to $100 million each to quantum computing companies Rigetti, D-Wave and Quantinuum through the CHIPS Act, for a combined total of up to $300 million. The department will also take minority stakes in the three companies to support development of fault-tolerant quantum computing hardware, manufacturing and error-correction systems.
The funding comes as Ethereum targets December 2029 to complete post-quantum upgrades across its execution, consensus and data layers. Bitcoin developers are advancing BIP-360 and BIP-361, which propose migration to post-quantum signatures. No quantum computer currently threatens existing cryptographic systems, but roughly 1 million bitcoin, including holdings attributed to Satoshi Nakamoto, have exposed public keys and could become stranded assets if migration pathways are delayed.
U.S. Allocates Up to $300 Million to Advance Quantum Computing Hardware
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
