"These investments will advance American quantum capabilities — a manufacturing push and a national-security bet."
— Commerce Secretary Howard Lutnick
The US Department of Commerce announced letters of intent with nine quantum computing companies, including IBM, GlobalFoundries, D-Wave, Rigetti, Infleqtion, PsiQuantum, Quantinuum, Atom Computing, and Diraq.
The structure gives the US government minority, non-controlling equity stakes in each company.
Key Awards
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IBM is slated to receive $1 billion to establish a new quantum foundry subsidiary focused on quantum-grade superconducting wafers.
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GlobalFoundries is expected to receive $375 million to build domestic manufacturing capacity for multiple quantum architectures.
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The remaining awards address specific bottlenecks across neutral-atom, photonic, trapped-ion, silicon-spin, and superconducting quantum systems.
Context
The announcement is part of a broader US industrial policy approach that has already involved chips, rare earths, and other strategic supply chains. The investments do not make quantum decryption imminent, but reflect growing government interest in building quantum capacity.
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