https://crossgov.com/tags/commerce/ Recent content in Commerce on CrossGov.com Hugo en-us Sat, 14 Nov 2026 00:00:00 +0000 https://crossgov.com/commerce-department-signs-up-to-100-million-chips-quantum-deal-with-atom-computing-taking-an-equity-stake/ Sat, 14 Nov 2026 00:00:00 +0000 https://crossgov.com/commerce-department-signs-up-to-100-million-chips-quantum-deal-with-atom-computing-taking-an-equity-stake/ <p>The Commerce Department has signed a contract worth up to $100 million with Atom Computing, a Boulder, Colorado company that builds quantum computers out of neutral atoms, to speed up work on fault-tolerant, utility-scale machines. The deal turns a letter of intent from May into a signed agreement.</p> <p>That letter was one of nine the department signed on May 21, 2026, worth $2.013 billion in total under the CHIPS and Science Act. The money comes through the CHIPS Research and Development Office at NIST. Two of the nine are foundries. IBM gets $1 billion for a quantum wafer foundry and GlobalFoundries $375 million. The other seven are quantum computer builders, picked so that each major hardware approach gets a bet: neutral atom, trapped ion, superconducting, photonic and silicon spin. Atom Computing is the neutral-atom pick. Two other Colorado firms, Infleqtion and Quantinuum, got $100 million letters as well.</p>