politics
U.S. Government Announces $2 Billion in Quantum Computing Funding
The U.S. government issued letters of intent for $2 billion in grants and investments to nine quantum computing companies. Google, Microsoft, and IonQ were not included in the round.
May 22, 1:01 PM·1m read1 source
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U.S. government announced $2 billion in grants and investments across nine quantum computing companies on May 22, 2026. The companies receiving the funding were not named in the announcement. Google, Microsoft, and IonQ were not included.
The administration issued letters of intent rather than completed agreements. Details on conditions attached to the funding remain under discussion. One person familiar with the matter told Semafor that requirements such as technological milestones could be included, similar to prior arrangements with USA Rare Earth.
U.S. is working to strengthen its domestic supply chain as quantum technology develops. '" he said. IBM expects to deliver its first effective, scalable quantum system in 2029. Crowder added that investments are needed now to prepare for fault-tolerant systems and manufacturing scale. Microsoft declined to comment. Google and IonQ did not respond to requests for comment.
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