Infleqtion Secures $100M CHIPS Funding and Expands Quantum Contracts
Infleqtion has obtained a $100 million Letter of Intent from the U.S. Department of Commerce for CHIPS funding, alongside new contracts in quantum technologies with U.K. and U.S. governments. These developments signal a transition from research to practical applications.
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Infleqtion has secured a Letter of Intent for $100 million from the U.S. Department of Commerce under the CHIPS R&D program. Additionally, the company has engaged in new contracts related to advanced quantum technologies for U.K. and U.S. government initiatives.
Infleqtion has successfully delivered a 100 qubit quantum computer ahead of schedule and tested quantum navigation and atomic clock systems with the Royal Navy. The stock price is currently at $17.69, reflecting a 42.5% return in the past month. Investors will monitor the company's ability to transform government contracts into sustainable revenue streams and commercial applications.
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