Diraq Signs $38 Million Letter of Intent Under CHIPS Act to Scale Silicon Spin Technology
Diraq Signs $38 Million Letter of Intent Under CHIPS Act to Scale Silicon Spin Technology
Publish Date: 2026-05-21 09:18:00
Source Domain: thequantuminsider.com
Insider Brief
- Diraq signed a Letter of Intent with the U.S. Department of Commerce for up to $38 million in proposed CHIPS funding to support the scaling and domestic production of silicon-based fault-tolerant quantum processors in the United States.
- The company said its CMOS-based quantum architecture is designed to leverage existing semiconductor manufacturing processes to enable large-scale quantum systems with potentially millions of qubits on a single chip and physical qubit costs below $1.
- GlobalFoundries said it is partnering with Diraq on cryo-CMOS quantum capabilities and semiconductor infrastructure as the company expands its U.S. operations, including a planned new site in Los Angeles.
PRESS RELEASE — – Diraq, the quantum computing pioneer, today announced it has signed a Letter of Intent (LOI) with the U.S. Department of Commerce for up to $38 million in proposed federal funding from the CHIPS Research and Development Office. This award would support production and scaling of fault-tolerant silicon quantum computing processors via the U.S. semiconductor industry.
“The Department of Commerce’s incentives strengthen and accelerate U.S. quantum leadership and technological resilience,” said Bill Frauenhofer, Executive Director of Semiconductor Investment and Innovation. “Quantum computing has significant implications for national defense, advanced materials and biopharmaceutical discovery, financial modeling and energy systems.”
“The U.S. Government has played an important role for over 25 years in funding silicon quantum research through entities such as the U.S. Army Research Office and more recently DARPA. The foundational advancements that came from this work underpin Diraq’s technology today,” said Andrew Dzurak, Diraq Founder and CEO. “Silicon-based processors are the most economical and scalable approach to utility-scale quantum computing. By scaling our CMOS qubit technology in the United…
