Donald Trump Announces $2 Billion Quantum Initiative for 9 Firms

Lockridge Okoth

(12:38 PM UTC)

1 min read

The Trump administration plans to award $2 billion to nine quantum computing firms while taking minority equity stakes in each. The structure converts federal grants into venture-style positions across the industry’s competing hardware approaches.

The clearest US stock market beneficiaries are IBM, GlobalFoundries, D-Wave Quantum, Rigetti Computing, and Infleqtion, whose tickers — IBM, GFS…

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