U.S. Government Invests $2 Billion in Nine Quantum Computing Companies
The U.S. Department of Commerce has announced plans to invest $2 billion across nine quantum computing companies under the CHIPS and Science Act, aiming to build a domestic manufacturing base for quantum chips and accelerate R&D efforts. IBM will receive $1 billion through its new subsidiary Anderon, while GlobalFoundries is set to raise $375 million.
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Topics: CHIPS and Science Act GlobalFoundries IBM quantum computing U.S. government investment