U.S. to Award Quantum Computing Firms $2 Billion and Take Equity Stakes: Report
The Commerce Department would fund the deals with 2022 Chips and Science Act money, and shares rose 7% to 19% in premarket trading.
- The Trump administration announced plans to award $2 billion in grants to nine quantum computing companies, with the government taking equity stakes in the firms.
- Funding originates from the 2022 Chips and Science Act, as the White House targets quantum computing and artificial intelligence to strengthen economic and security interests.
- Allocations include $1 billion to IBM and $375 million to GlobalFoundries. The remaining firms, including D-Wave Quantum, Rigetti Computing, and Infleqtion are expected to receive $100 million each, while startup Diraq may receive $38 million.
- Shares of these companies surged between 7% and 19% in premarket trading, as Commerce Department officials cited increased confidence in quantum technology reaching commercial viability.
- A new executive order centered on quantum computing is reportedly being drafted by the White House, following Washington's practice of securing minority stakes in firms like Vulcan Elements and Materials.
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U.S. Invests in Quantum
The U.S. Department of Commerce has awarded $2 billion to IBM and other American quantum computing companies to bolster the nation’s dominance in the industry. “The CHIPS incentive from the DoC will support the research and development efforts of a new IBM company: Anderon, which will be America’s first pure-play quantum foundry,” IBM said in a statement. “This initiative represents one of the most significant commitments by the U.S. Government …
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U.S. Commits $2 Billion to Quantum Computing Push Led by IBM
Federal investment backed by the CHIPS Act aims to expand domestic quantum manufacturing and counter growing technological competition from China. The post U.S. Commits $2 Billion to Quantum Computing Push Led by IBM first appeared on [your]NEWS.
Trump Gave Intel $8.9 Billion. Now Taxpayers Are Buying IBM
The post Trump Gave Intel $8.9 Billion. Now Taxpayers Are Buying IBM appeared first on 24/7 Wall St.. Quick Read IBM (IBM) is receiving roughly $1 billion in Trump administration quantum computing funding and operates more than 100 quantum systems through its IBM Quantum Network, making it the preferred government-backed choice over pure-play quantum startups due to its $62.8 billion in 2025 revenue and $13 billion in free cash flow. Intel (IN…
Quantum computers are considered to be the key technology of the future. The Trump administration has two billion dollars in IBM, GlobalFoundries, and several start-ups — and can be given corporate shares.
(New York = Yonhap News) Correspondent Kim Yeon-sook = The U.S. government is providing a total of $2 billion (approx....) to related companies, including IBM, to foster the quantum computing industry, which is considered a key next-generation technology
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