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The US Department of Commerce is awarding $2 billion to American quantum-computing companies.
The US Department of Commerce is awarding $2 billion to nine American quantum computing firms.
KEY POINTS
- IBM will receive half of the $2 billion to support its new company, Anderon, a pure-play quantum foundry.
- D-Wave Quantum and Rigetti Computing will each receive up to $100 million in exchange for equity.
- IBM will invest an additional $1 billion into Anderon, expecting more investors as the company grows.
- The funds are part of the CHIPS and Science Act, marking a significant US quantum R&D commitment.
COMPANIES
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