semiconductor / news / / Times of India
IBM will receive $1 billion, while GlobalFoundries is set to receive $375 million.
The US is acquiring equity stakes in quantum firms like IBM in exchange for grant funding.
KEY POINTS
- IBM will receive $1 billion and create Anderon, the nation's first dedicated quantum chip manufacturing facility.
- GlobalFoundries launched Quantum Technology Solutions and will give the US government about a 1% equity stake.
- Nine quantum computing companies are receiving a combined $2 billion in grants under the latest administration program.
- Shares of companies participating in the program surged 7-25% in premarket trading following the announcement.
COMPANIES
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