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Trump Administration Grants $2 Billion to 9 Quantum Computing Companies in Exchange for Equity

AirdropBlackHole

2026-05-23 13:31:47

On May 21, The Wall Street Journal reported that the Trump administration is providing $2 billion in funding to nine quantum computing companies through the Department of Commerce in exchange for equity. Specifically, $1 billion will be awarded to IBM, chip manufacturer GlobalFoundries will receive $375 million, publicly traded companies including D-Wave Quantum, Rigetti Computing, and Infleqtion will each receive $100 million, and the startup Diraq is expected to receive $38 million.

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