Funding was awarded by the US Defense Advanced Research Projects Agency

Financial terms of deal have not been disclosed

Focus on trapped-ion, superconducting, neutral-atom quantum computing, QKD, quantum testing, and experimental pilot lines

Project forms part of Japan’s Quantum Moonshot program

Deal with Bleichroeder Acquisition Corp. II has provided Pasqal with approximately $360 million in cash

Comes as chip giant denies claims it's been developing China-specific LPU

Company says demo is important milestone on its path to deploying first fault-tolerant quantum computer

Chip company says CS-4 delivers 750 petaflops of AI compute

Comes weeks after company announced $300m fundraise

Deployment consists of 20-unit CL1 biological computing system

Findings based on responses from more than 200 companies

Details disclosed in a report from research firm SemiAnalysis

Company has also published a 300-page whitepaper to support the project

Announcements made alongside company’s Q2 2026 results

GPUs for initial CDC deployment have been ordered, companies said

Oracle will preview its OCI quantum system in the coming months

Cluster expected to go live in Q1 2027

Facility will support AMD GPU deployments once completed

Capacity will be deployed at Bitcoin miner’s campus in Rockdale, Texas

Company said it wants to provide information about the project, local residents remain unconvinced

Company says it will deploy more than 70,000 Nvidia Rubin and Blackwell GPUs at the site

Six quantum computing companies now publicly trading following SPAC mergers

Comes into effect on December 6

Investors include Blackstone, Coatue, Nvidia, and Jane Street