$RGTI (RIGETTI COMPUTING) — 8-K: Rigetti signs definitive $100M U.S. government award to accelerate superconducting quantum R&D

Rigetti Computing, Inc. announced that its wholly owned subsidiary, Rigetti & Co, LLC, signed a definitive agreement with the U.S. Department of Commerce for $100 million in funding under the CHIPS Research and Development Office Broad Agency Announcement pursuant to the CHIPS Act. The funding will support three R&D projects addressing technical bottlenecks in scaling superconducting quantum computing: compressing readout electronics, expanding cryogenic capacity, and developing fabrication for high-connectivity chip architectures. The Department will receive a minority, non-controlling equity stake in Rigetti as a condition for receiving the funds.

Rigetti Computing, Inc. announced that its wholly owned subsidiary, Rigetti & Co, LLC, signed a definitive agreement with the U.S. Department of Commerce for $100 million in funding under the CHIPS Re