US Awards $2 Billion to Quantum Computing Companies
The U.S. government will award $2 billion to nine quantum firms for equity stakes. IBM and GlobalFoundries are set to receive the largest portions of the funds.
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The United States is awarding $2 billion in grants and equity stakes to nine quantum-computing companies to secure domestic supply chains. This Commerce Department initiative includes a $1 billion allocation for IBM. The deal signals a shift toward direct government ownership in sectors rivaling China.
