US to award $2 billion to quantum computing firms, take equity stakes, WSJ reports - Reuters

<a href="https://news.google.com/rss/articles/CBMiugFBVV95cUxPOVhYclhIYl9QU3VlMEl5ZjlMTVR3b2dBSEdrY1BRS1NSZFo4c3N0RXFtSHExR0FZa1QycDdBWHVtZDZ3eGdBZXF0ZVpYdkRxVFk5N2FzUzFhS2M0bndveUc3MGd5ZWdYTFUxQVpiS2VPdnpSYk94VnQ1MXVNMlk1alJVZFVpNm9veUpMbnFGN3lwTm1NbzJvSWp4MFFSTkE0MlROOWJ3WXdHQW9CNk9YbDVvYTVqOWZvNEE?oc=5" target="_blank">US to award $2 billion to quantum computing firms, take equity stakes, WSJ reports</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

The U.S. government has taken equity stakes in nine quantum computing companies as part of a $2 billion initiative under the CHIPS Act, aiming to foster a domestic quantum chip supply chain.

The Trump administration is awarding $2 billion in grants to nine quantum-computing companies, including IBM and GlobalFoundries, with the U.S. government taking equity stakes, according to the Wall Street Journal.

Shares of quantum computing firms rose in premarket U.S. trading after reports that the Trump administration plans to award $2 billion in grants to nine companies in the sector, including IBM and GlobalFoundries.

The U.S. Department of Commerce has signed letters of intent to provide $2.013 billion in federal incentives under the CHIPS and Science Act to nine quantum companies, including IBM and GlobalFoundries, to accelerate quantum computing research and manufacturing.

The US government has taken $2 billion worth of equity stakes in nine quantum computing companies, including IBM, D-Wave Quantum, Atom Computing, and PsiQuantum, as part of a strategic move to bolster domestic quantum computing capabilities.