The US government is investing $2 billion in nine quantum computing companies, including Infleqtion, D-Wave Quantum, and Rigetti Computing, as part of a strategy to advance quantum technology for economic and national security benefits. IBM and GlobalFoundries are major recipients, with IBM set to receive $1 billion and GlobalFoundries $375 million. The funding comes from the 2022 Chips and Science Act, and the Commerce Department will take minority equity stakes in these firms. This move signals strong federal support for the emerging quantum computing sector and could accelerate innovation and commercialization.
Shares of quantum-computing companies jumped after reports that the Trump administration is investing $2 billion in grants and acquiring minority stakes in nine quantum-computing firms. IBM is a major beneficiary, expected to receive $1 billion to ac...
Quantum computing stocks, including IBM and others, jumped after the US Commerce Department announced grants to nearly a dozen companies to boost the domestic quantum industry. IBM plans to create a standalone quantum foundry in partnership with the ...
The U.S. government plans to award $2 billion in grants to nine quantum computing companies, with IBM receiving the largest share of $1 billion. This funding, part of the 2022 Chips and Science Act, aims to boost American innovation in quantum techno...
IBM and the U.S. Department of Commerce announced a $2 billion initiative to create Anderon, America's first dedicated quantum chip foundry. Supported by $1 billion from the CHIPS program and $1 billion from IBM, Anderon will produce advanced 300mm q...
IBM and Oracle, two large-cap enterprise tech firms, have lagged the broader market despite strong AI-driven revenue growth and expanding backlogs. Oracle's cloud infrastructure revenue surged 84% year-over-year with AI infrastructure up 243%, backed...
