semiconductor / news / / Benzinga
Quantum computing stocks climbed Thursday after the Trump administration reportedly moved to award $2 billion to nine companies in the sector.
The U.S. government will invest $2 billion in nine quantum computing companies under the CHIPS Act.
KEY POINTS
- For the first time, the government will take equity positions in these quantum computing companies.
- D-Wave Quantum confirmed a $100 million federal award, with equivalent shares going to the Commerce Department.
- This funding strategy aims to secure financial upside for taxpayers by holding company equity.
COMPANIES
Summarized by Newsio from Benzinga. How we summarize →