# IBM and small-cap quantum names, including IonQ, D-Wave Quantum, Rigetti Computing, Infleqtion, and other peers, are surging in New York premarket trading.

*semiconductor · news · 2026-05-21 · OilPrice*

## Key points

- The Trump administration plans to grant $2 billion in CHIPS Act funds to nine quantum firms.
- IBM will receive about $1 billion, half the total US quantum funding package.
- Federal funding for quantum firms will be exchanged for equity stakes, mirroring rare earths deals.
- GlobalFoundries is set to receive $375 million, while Diraq will get only $38 million.

**Companies:** IBM, GlobalFoundries, D-Wave Quantum, Rigetti Computing, IonQ, Infleqtion
**Countries:** United States

[Read the full story on OilPrice](https://oilprice.com/Energy/Energy-General/US-Awards-2-Billion-to-Nine-Quantum-Computing-Companies.html)

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