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technology6h ago
Reports: US to Award $2 Billion to Quantum Companies, Take Equity Stakes
Thequantuminsider.com and 6 more
- The Commerce Department signed 9 letters of intent to provide $2.013 billion in federal incentives under the CHIPS and Science Act for U.S. quantum development.
- IBM is set to receive about $1 billion to establish a quantum foundry subsidiary for quantum-grade superconducting wafers, strengthening U.S. fabrication leadership.
- Analysts note the $2 billion in grants may include equity stakes in nine quantum firms, aligning government funding with stakes in private-sector success.
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