The US Department of Commerce is awarding $2 billion in grants to American quantum-computing companies, half of which will go to IBM, in a bid to bolster the buildout of super computers that could solve some of the world’s most pressing problems.
The US Department of Commerce is awarding $2 billion to American quantum computing companies to advance supercomputers.
IBM will receive $1 billion and invest another $1 billion in a new quantum wafer foundry called Anderon.
Smaller firms including D-Wave Quantum and Rigetti Computing will each receive up to $100 million in funding.
AI-generated summary was reviewed by a CNN editor.
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The US Department of Commerce is allocating $2 billion to American quantum computing firms, with IBM receiving half, to advance…
US issues $2B+ in grants to IBM, others for quantum computing initiatives - SiliconANGLE
US government will invest $2 billion in nine quantum computing firms, including IBMs new chip venture Anderon, to strengthen…
IBM stands to receive $1 billion of the package, which covers nine companies and is funded by the 2022 Chips and Science Act
The grants include a massive $1 billion grant for IBM.
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