U.S. to invest in quantum computing firms, including IBM, in exchange for stakes - BNN Bloomberg
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Article Excerpt
The Trump administration is awarding grants to a handful of companies, including IBM, that are focused on quantum computing in exchange for stakes in some of them.
The investments deepen the Trump administration’s push into taking equity stakes in companies considered critical to the domestic supply chain as well as to counter China’s dominance in certain sectors, including chipmaking.
The government has already taken big stakes in companies such as Intel and MP Materials, a rare earth mining company.
IBM will receive US$1 billion, while GlobalFoundries is set to receive US$375 million, the…
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