Trump Administration to Award $2 Billion in Quantum Computing Grants
The U.S. government will distribute $2 billion in CHIPS Act funding to nine quantum computing companies. IBM is expected to receive half of the total amount.
cnbc.comThe Trump administration plans to award $2 billion in CHIPS Act grants to nine quantum computing companies. IBM is set to receive $1 billion of the package, according to a Wall Street Journal report citing the Commerce Department.
Chip maker GlobalFoundries is receiving $375 million.
The remaining firms are expected to receive $100 million each, except for startup Diraq, which is slated to get $38 million. A number of publicly traded companies pursuing different approaches to quantum technology are also included. These firms are D-Wave Quantum, Rigetti Computing, and Infleqtion.
Quantum stocks rose sharply in premarket trading after the report. D-Wave Quantum surged 19 percent, Rigetti Computing jumped 15 percent, IBM rose 6 percent, and IonQ gained 9 percent.
Quantum systems could eventually break parts of today’s encryption, forcing governments and companies to move toward post-quantum cybersecurity. The technology also has potential uses in secure communications, advanced sensing, navigation, and intelligence systems.
Quantum computing could accelerate complex simulations used in materials science, drug discovery, chemistry, energy systems, and advanced manufacturing. Combined with artificial intelligence, it could shorten research cycles that currently take years.
“Everybody is excited about quantum because it is the next big thing. A lot of the expectations and hopes have yet to be realized.”
Transparency
5 independent outlets report the same core facts. This score blends how many outlets corroborate, their editorial tier, and how closely their facts agree — it measures corroboration, not proof.
Story details
Related Stories
The IndependentAppeals Court Allows White House to Resume Construction of Secure Ballroom and Counter-Drone Facility
U.S. District Judge Richard Leon ruled that President Trump lacks authority to build the 90,000-square-foot ballroom. An appeals court later allowed above-ground work to continue.
pakistantoday.com.pkBritish Man Extradited on AgustaWestland Bribery Charges Appeals Additional Forgery Count in Indian Supreme Court
Christian Michel, held since 2018 on bribery charges tied to a 2010 helicopter contract, will have his case heard by India’s Supreme Court in July 2026. His son says India is applying different standards to Michel than to diamond merchant Nirav Modi.
montrealgazette.comUS designates 1.53 million acres as critical habitat for rusty patched bumble bee
The Interior Department finalized a rule designating 1,534,951 acres of occupied critical habitat for the rusty patched bumble bee across 33 counties in six states. The designation takes effect July 1 and triggers Endangered Species Act protections that restrict federal actions a…