Trump Administration Invests $2 Billion in Nine Quantum Firms, With $1 Billion for IBM Foundry

The Trump administration has agreed to provide about $2 billion in grants to nine quantum computing companies, while also taking equity stakes in some recipients, according to reports from Bloomberg and the Wall Street Journal. IBM is expected to receive the largest award, with $1 billion earmarked to help the company build a foundry for producing quantum computing chips, a sign of how the government is trying to accelerate a technology it sees as strategically important.