semiconductor / news / / OilPrice
IBM and small-cap quantum names, including IonQ, D-Wave Quantum, Rigetti Computing, Infleqtion, and other peers, are surging in New York premarket trading.
The Trump administration plans to grant $2 billion in CHIPS Act funds to nine quantum firms.
KEY POINTS
- 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
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