The US government has announced a $2 billion investment in nine quantum computing companies, including major players like IBM ($1B) and GlobalFoundries ($375M), as well as startups with political connections. The funding, part of the CHIPS Act initiative, has caused significant stock price increases for the recipient companies. The move represents a major government push to advance US leadership in quantum computing technology.
Background
The CHIPS and Science Act is a $280 billion package passed in 2022 to boost US semiconductor manufacturing and research, including quantum computing, amid growing competition with China. Quantum computing is seen as a critical emerging technology with potential applications in cryptography, drug discovery, and materials science.
- Source
- Ars Technica
- Published
- May 21, 2026 at 09:48 PM
- Score
- 8.0 / 10