US government takes $2 billion equity stake in nine quantum computing firms
Summary
The US Commerce Department signed letters of intent to take equity stakes totaling $2 billion in nine quantum computing companies. IBM is set to receive $1 billion and GlobalFoundries $375 million, while several startups including PsiQuantum, Atom Computing, Infleqtion, Quantinuum, and Rigetti are slated for $100 million each and Diraq up to $38 million. Shares in listed quantum specialists rose after the announcement, though the deals are not final and the administration is still soliciting proposals from other advanced tech firms. The move continues a pattern of the administration converting grants into equity stakes in strategically important technology sectors and follows earlier government investments such as a converted stake in Intel.
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