May 21, 2026 – 10.43pmAustralian-founded PsiQuantum will receive another major funding boost after the US government announced it would invest a total of $US2 billion in nine quantum computing firms, sending shares in the firms soaring.Legacy computing giant IBM will receive $US1 billion while GlobalFoundries will get $US375 million. Both were up as much 6 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
PsiQuantum to receive $140m investment from US government as part of $2.8b quantum computing push
The US government will take equity stakes worth $US2 billion in nine quantum computing companies, including Australian-founded start-up PsiQuantum.
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