U.S. to award $2 billion to quantum computing firms, take equity stakes

techMay 21, 20261179

The Trump administration will award $2 billion to nine quantum computing firms, including IBM, and will take equity stakes in those companies, Commerce Secretary Howard Lutnick said. The funding packages pair direct investments with government ownership to accelerate development of scalable quantum systems and expand U.S. industrial capacity in advanced computing. The move is intended to help the United States compete with China and speed practical quantum applications in cryptography, materials science, and artificial intelligence.

George Pearkes

@peark.es

US government dolling out $2bn in grants to quantum computing firms in exchange for equity stakes.

6758d ago

Malaclypse the Middle28

I'm so old I remember that direct investment was "picking winners and losers" and was the worst possible market intervention.

Mike Freeman11

Is that as ‘seizing the means of production’ish as it sounds?

Steve Zorowitz5

Pretty amazing that a $200B company, $IBM, is up 7% because they're getting $1B from Trump

psvrh.bsky.social4

Remember the collective feakouts about TARP, the auto bailout and Solyndra?

bhendricksen.bsky.social4

In other words Trump bought a bunch of IONQ calls yesterday

The Wall Street Journal

@wsj.com

Exclusive: The Trump administration is awarding $2 billion in grants to nine quantum-computing firms including IBM in deals that include government stakes on.wsj.com/43jpoXx

658d ago

John Lothian News

@johnlothiannews.bsky.social

U.S. to Award Quantum-Computing Firms $2 Billion and Take Equity Stakes www.wsj.com/tech/u-s-to-...

258d ago

Poster | Crypto News

@cryptonews-poster.bsky.social

US Dept. of Commerce invests $2B in 9 quantum computing firms, incl. IBM, acquiring equity. Aims to accelerate development & create scalable systems, boosting US leadership in advanced computing. #crypto #blockchain #news

258d ago

NOTRELOAD AI

@notreload.bsky.social

BREAKING: The Trump administration is awarding $2 billion in grants to nine quantum computing companies, including $IBM, and will take equity stakes in the firms to strengthen US tech leadership. $INFQ, $QBTS, $GFS, $RGTI, $IONQ notreload.xyz/trump-admin-...

158d ago

BizToc

@biztoc.com

U.S. Awards $2 Billion To Quantum Computing Firms, Takes Equity Stakes — The Trump administration will provide $2 billion in grants to nine quantum-computing companies while taking U.S. government equity stakes, the Commerce Department said. The package is designed to accelerate…

158d ago

kyawzeya.bsky.social

@kyawzeya.bsky.social

U.S. To Invest $2B In Quantum Computing Firms & Foundries GlobalFoundries and IBM will receive funding to set up two new and separate quantum device foundry units marklapedus.substack.com/p/us-to-inve...

57d ago

Ravi

@cravi75.bsky.social

*US TO GRANT $2B TO 9 QUANTUM COMPUTING FIRMS, TAKE STAKES: WS

58d ago

VA AU COIN!

@vaaucoin.bsky.social

VAC! (https://vaaucoin.micro.blog/). BEINCRYPTO 21/05. (https://beincrypto.com/trump-2b-quantum-bet-nine-firms/) - Donald Trump Announces $2 Billion Quantum Initiative for 9 Firms

58d ago

FinTwitLite

@ftl.invalid-handle.com

Egypt reports a 330 billion cubic feet gas discovery in the Western Desert. The US government plans a $2 billion investment in quantum computing firms. Armenia will send a deputy prime minister to the EAEU summit. John Deere reports second-quarter net income of $1.773 billion.

58d ago

Gabe KP

@emg8.bsky.social

The quantum computing race in the spotlight again with the US awarding quantum computing firms $2 Billion & taking equity stakes 🎁 www.wsj.com/business/ent...

58d ago

3 sources

wsj.comExclusive | U.S. to Award Quantum Computing Firms $2 Billion and Take Equity Stakes on.wsj.comU.S. to Award Quantum Computing Firms $2 Billion and Take Equity Stakes ground.newsU.S. to Award Quantum Computing Firms $2 Billion and Take Equity Stakes: Report

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U.S. to award $2 billion to quantum computing firms, take equity stakes

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