US government officials investing in quantum computing companies for a news article
US government officials investing in quantum computing companies for a news article
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US government to take $2 billion equity stake in quantum firms

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The US commerce department announced it will take equity stakes totaling $2 billion in nine quantum computing companies. The move includes funding for firms like IBM and GlobalFoundries as well as startups with ties to prominent investors.

The commerce department signed letters of intent with the companies on Thursday, sending shares in several quantum specialists higher. IBM is set to receive $1 billion while GlobalFoundries will get $375 million. Other recipients include PsiQuantum, which will receive $100 million, and D-Wave Quantum, which saw shares rise more than 20 percent in pre-market trading.

What people are saying

Initial reactions on X highlight excitement over the US Commerce Department's $2B equity stakes in nine quantum firms including IBM and GlobalFoundries. Users note positive stock surges in companies like Rigetti and D-Wave, framing it as part of broader national security investments under the CHIPS Act. Some express skepticism about government ownership trends and potential impacts on encryption and crypto. Discussions emphasize benefits for taxpayers through equity returns and acceleration of quantum tech.

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