The Trump administration announced plans to invest $2 billion in nine quantum computing companies through the CHIPS and Science Act while taking minority equity stakes in each firm. Major recipients include IBM, which will receive $1 billion, and GlobalFoundries, which will receive $375 million for quantum research and manufacturing, reports The New York Times.
Other companies receiving funding include D-Wave, PsiQuantum, Quantinuum, and Rigetti Computing. The initiative aims to boost US leadership in quantum computing, support innovation, and create high-paying jobs.
