GlobalFoundries & Rigetti Computing

GlobalFoundries: GlobalFoundries will receive $375 million from the United States — United States Department of Commerce to build a U.S. factory for quantum machine components and has launched ConnectM Technology Solutions, a new business focused on scaling manufacturing for quantum-computing hardware. The U.S. government is taking an equity stake of about 1% in GlobalFoundries.

Rigetti Computing: Rigetti Computing signed a letter of intent with the United States — United States Department of Commerce for up to $100 million in funding to accelerate superconducting quantum computing R&D, which will help the company tackle scaling bottlenecks and advance commercialization. Its shares gained 12% following the announcement.