US Government Commits $2B to Nine Quantum Firms, IBM Gets $1B
The US government will invest $2bn in nine quantum computing companies under the 2022 Chips and Science Act, taking minority equity stakes. The package assigns $1bn to IBM, $375m to GlobalFoundries, $100m to D-Wave, Rigetti, Infleqtion and $38m to Diraq, boosting investor interest in stocks like QBTS.
1. US Government Announces $2B Quantum Investment
The US government has approved a $2bn investment in nine quantum computing firms, with minority equity positions in each company under the 2022 Chips and Science Act. This initiative marks a significant federal commitment to quantum research and development.
2. Funding Allocations by Company
IBM will receive $1bn, matched by its own capital, to establish a dedicated 300mm quantum wafer foundry named Anderon. GlobalFoundries is set to collect $375m, while D-Wave Quantum, Rigetti Computing and Infleqtion each receive $100m, and startup Diraq obtains $38m. The remaining recipients include Atom Computing, PsiQuantum and Quantinuum.
3. Implications for QBTS and Market Sentiment
While QBTS did not receive a direct grant, the broad federal backing is likely to enhance investor confidence across the quantum sector. Increased public capital and government equity stakes could drive valuations higher for quantum computing players, potentially benefiting QBTS in future financing rounds.