The US Department of Commerce has signed nine CHIPS Act letters of intent worth $2bn, taking equity stakes in IBM, D-Wave, Rigetti and others.
The grants include a massive $1 billion grant for IBM.
Plus a round up of other quantum computing news
The U.S. Department of Commerce signed nine letters of intent totaling $2.013 billion in proposed CHIPS Act incentives to support quantum.
IBM stands to receive $1 billion of the package, which covers nine companies and is funded by the 2022 Chips and Science Act
The funds will support GlobalFoundries and IBM, along with seven quantum computing companies, in their efforts to develop “utility-scale, fault-tolerant quantum computers,” the DOC said.
The Trump administration is awarding $2 billion in CHIPS Act grants to nine quantum computing companies, with IBM getting $1 billion and the government taking equity stakes across the group.
The US government plans to invest $2 billion in quantum computing firms while taking equity stakes, accelerating domestic quantum development with implications for crypto security.
IBM and the US Commerce Department are building the first purpose-built quantum chip foundry, backed by $1B in CHIPS Act funding, with major implications for crypto security.
The Trump administration is awarding $2 billion in grants and taking equity stakes in nine quantum-computing firms, including IBM, in a major national security push.
Quantum computing shares popped in premarket trading following reports that the U.S. government will award grants to nine firms operating in the space.
Rigetti Computing signs a letter of intent with the US Department of Commerce for up to $100M in funding to advance superconducting quantum computing.
"The Trump administration is leading the world into a new era of American innovation."
The Trump administration is reportedly preparing a $2 billion quantum computing funding package to companies developing quantum technologies.
The Trump administration is awarding grants to a group of quantum computing companies, including IBM, in exchange for equity stakes in some of them, deepening Washington's push to…
D-Wave signed an LOI for proposed $100 million CHIPS Act funding to support quantum computing development.
The US government will take equity stakes worth $US2 billion in nine quantum computing companies, including Australian-founded start-up PsiQuantum.
IBM and the U.S. Department of Commerce announced plans to launch Anderon, a standalone U.S.-based quantum chip foundry.
PsiQuantum signed a LoI with the U.S. Department of Commerce for $100 million to support photonic quantum computing technologies.
The US government plans to invest $2 billion in quantum computing companies as private funding drops sharply and geopolitical competition with China and the EU intensifies.
Beneficiaries include startup backed by firm with links to the Trump family.
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…
Quantinuum signed a letter of intent with the U.S. Department of Commerce’s CHIPS Research and Development Office for proposed federal funding.