US to award $2 billion to quantum computing firms, take equity stakes, WSJ reports


Visitors walk past IBM logo at the Mobile World Congress (MWC) in Barcelona, Spain, March 3, 2026. REUTERS/Nacho Doce

May 21 (Reuters) - ⁠The Trump administration is awarding $2 ⁠billion in grants to ‌nine quantum-computing companies in deals that include U.S. government equity stakes, the Wall ​Street Journal reported ⁠on Thursday, citing ⁠the Commerce Department.

The department has agreed ⁠to ‌give $1 billion of the package to IBM, ⁠while GlobalFoundries will receive $375 million, according ​to ‌the report.

The remaining firms, including ⁠D-Wave ​Quantum , Rigetti Computing and Infleqtion, are expected to receive $100 million ⁠each, while startup Diraq ​is slated to receive $38 million, according to WSJ.

Shares of the companies ⁠included in the package jumped between 7% and 19% in premarket trading.

The U.S. Department of ​Commerce, IBM ⁠and GlobalFoundries did not immediately respond ​to Reuters requests ‌for comment.

(Reporting by ​Harshita Mary Varghese in Bengaluru; Editing by Vijay Kishore)

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