US Invests $2 Billion in Quantum Computing Firms
May 21, 2026 at 13:48
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✦ AI Summary
- US government to invest $2 billion in quantum tech
- Nine companies, including IBM and GlobalFoundries, benefit
- Share prices of recipients surged following the announcement
The US government is set to invest a total of $2 billion in a range of quantum computing companies. This strategic move includes equity stakes in nine firms, such as IBM, which is receiving $1 billion, and GlobalFoundries, awarded $375 million.
The announcement from the Commerce Department led to a significant increase in stock prices for these quantum technology companies, with IBM and GlobalFoundries both rising over 6% in pre-market trading. Notably, D-Wave Quantum, a company taken public by a former Pentagon official, experienced a surge exceeding 20%.
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