US Government Takes $2B Equity Stakes in Nine Quantum Computing Firms Including IBM

Ars Technica·high signal

The Trump administration is awarding $2 billion in grants from the 2022 CHIPS and Science Act to nine quantum computing companies, with the Commerce Department's NIST taking minority, non-controlling equity stakes in each. The equity model gives taxpayers financial upside if companies succeed — a departure from traditional government grants. Quantum stocks surged on the news: Arqit +30%, IonQ +12%, Quantum Computing +17%.