The Trump administration is allocating $2 billion in grants among nine quantum companies and taking minority stakes in each of them.
- IBM receives $1 billion;
- GlobalFoundries receives $375 million;
- D-Wave Quantum, Rigetti Computing, Infleqtion, Atom Computing, PsiQuantum, and Quantinuum each receive approximately $100 million;
- The startup Diraq receives $38 million.
The recipients’ stocks rose by 7–25% in the premarket immediately after the announcement.
The main goal is to strengthen U.S. leadership in quantum technology development, stimulate innovation, and ensure national security.
Continue reading this article on source: wsj.com