Rigetti Computing Announces Strategic Collaboration Agreement with Quanta Computer to Accelerate Development and Commercialization of Superconducting Quantum Computing

Core Insights - Rigetti Computing has entered a strategic collaboration with Quanta Computer to advance superconducting quantum computing technologies [1][2][4] - Both companies will invest over $100 million each over the next five years, with Quanta also committing to a $35 million investment in Rigetti [2][4] - The quantum computing market is projected to grow to $1-2 billion annually by 2030, with superconducting qubits offering advantages such as fast gate speeds and established manufacturing techniques [3][5] Company Overview - Rigetti Computing is a pioneer in full-stack quantum computing, operating quantum computers via the cloud since 2017 and offering on-premises systems with qubit counts between 24 and 84 [5] - The company has developed the first multi-chip quantum processor for scalable systems and manufactures its chips in-house at its dedicated facility [5] - Quanta Computer is a leader in notebook manufacturing and cloud computing solutions, with FY2024 revenues of $43 billion and a workforce of approximately 60,000 [6]