09:53 AM EDT, 09/02/2025 (MT Newswires) -- Rigetti Computing ( RGTI ) said Tuesday it signed a memorandum of understanding with India's Centre for Development of Advanced Computing to work on developing hybrid quantum computing systems.

The company said it plans to collaborate with C-DAC on designing and building the hybrid quantum computing systems and technologies, aiming to bring them to market.

The company also said the systems that combine classical and quantum computing also have potential applications in government labs and academic research.

Shares of the company were down 1.7% in recent Tuesday trading.

Price: 15.76, Change: -0.47, Percent Change: -2.90