# The US Department of Commerce has signed nine letters of intent to provide $2.013bn in CHIPS Act funding to quantum computing companies.

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

## Key points

- The US will invest $2.013bn in nine quantum firms in exchange for equity stakes.
- IBM receives about $1bn and will match it with $1bn for a domestic quantum chip plant.
- The grants are structured as milestone-based letters of intent; equity terms remain undisclosed.
- This represents the largest US quantum-industry intervention, targeting both foundries and computing startups.
- NIST states the funding focuses on utility-scale, fault-tolerant quantum computers, which none have achieved yet.

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

[Read the full story on TNW](https://thenextweb.com/news/us-2bn-quantum-equity-stakes-chips-act)

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