Uncle Sam Awards $2B-Plus to Quantum Companies, but Wants a Cut
The U.S. government has announced over $2 billion in funding for quantum computing companies as part of its efforts to maintain leadership in this emerging technology. This funding, part of the CHIPS and Science Act, will support various projects aimed at advancing quantum capabilities. IBM will also invest $1 billion to establish a quantum chip foundry, highlighting the economic potential of the quantum industry.
- ▪The U.S. Department of Commerce is distributing more than $2 billion to nine quantum companies.
- ▪IBM will invest an additional $1 billion to create a quantum chip foundry called Anderon.
- ▪The quantum industry is projected to generate up to $850 billion in economic value by 2040.
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