The US government is pumping $2,000,000,000 in CHIPS and Science Act money into quantum computing firms
The US Department of Commerce has announced plans to distribute over $2 billion in CHIPS and Science Act grants to nine quantum computing companies, with the funding tied to equity stakes in the recipient firms.
IBM emerges as the primary beneficiary, receiving $1 billion in government incentives to advance quantum computing chip development. The company is complementing this federal investment with its own $1 billion commitment to establish a specialized quantum chip manufacturing facility in partnership with quantum semiconductor foundry Anderon.
GlobalFoundries will receive $375 million in CHIPS and Science Act funding, with the government acquiring a 1% equity stake in the semiconductor manufacturer as part of the deal.
The initiative represents a significant strategic investment in quantum computing infrastructure, aligning with broader US efforts to maintain technological leadership in emerging computational technologies. By combining government funding with corporate investment commitments, the program aims to accelerate development of quantum processors and establish domestic manufacturing capabilities for quantum semiconductors.