U.S. Government Invests Over $2 Billion in Quantum Computing Companies
The U.S. government is investing over $2 billion into quantum computing companies through the CHIPS and Science Act, with major allocations to IBM's Anderon startup and GlobalFoundries' new business unit. The Commerce Department will also take equity stakes in several firms, but notable absentees include IonQ despite its recent acquisition of SkyWater Technology.
Tickers: $GFS $IBM $IONQ $SKYT
Topics: CHIPS and Science Act GlobalFoundries IBM IonQ quantum computing