The Trump administration is awarding $2 billion in Commerce Department grants to nine quantum-computing companies, with the federal government receiving minority equity stakes as part of the deals. IBM ($IBM) is set to receive $1 billion, while GlobalFoundries ($GFS) will receive $375 million, as Washington expands support for quantum chips, domestic manufacturing and national security technology.
- IBM said it will invest an additional $1 billion to build a specialized quantum chip manufacturing facility in the U.S.
- Publicly traded quantum firms including D-Wave Quantum ($QBTS), Rigetti Computing ($RGTI) and Infleqtion are expected to receive roughly $100 million each.
- Startup Diraq is slated to receive $38 million.
- The funding comes from the 2022 Chips and Science Act and still requires final deal completion.
- The Commerce Department has increasingly structured strategic technology awards with government equity stakes, including prior investments involving Intel, MP Materials and Vulcan Elements.
- The administration is also working on an executive order focused on quantum computing policy.
Relevant Companies
- IBM ($IBM) – Largest award recipient and planned developer of a U.S. quantum chip manufacturing facility.
- GlobalFoundries ($GFS) – Receiving $375 million tied to domestic quantum and chip manufacturing capacity.
- D-Wave Quantum ($QBTS) – Expected to receive $100 million through an equity investment structure.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
