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Trump Plans $2B Quantum Initiative With Equity Stakes in 9 Firms

2026-05-22 13:12:33

Abstract generation in progress

The Trump administration plans to award $2 billion to nine quantum computing firms while taking minority equity stakes in each company. A Wall Street Journal report citing the Commerce Department said IBM would receive $1 billion and GlobalFoundries would receive $375 million. Shares of publicly traded recipients rose between 7% and 21% in premarket trading.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

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