Diraq Acquisition | Technology Deal in CA

Diraq has completed the acquisition of Diraq, a technology other business in California, for $38M. Diraq is developing silicon spin technology for quantum computing processors, including fault-tolerant silicon quantum systems built on CMOS qubit approaches. Based in Palo Alto, CA, the company aims to scale domestic production of quantum hardware through U.S. semiconductor manufacturing capabilities. The announced technology M&A and technology deals CA effort centers on a CHIPS Research and Development Office Letter of Intent with the U.S. Department of Commerce for up to $38 million, supporting U.S. infrastructure and deployment of silicon-based quantum processors.