# ASX 200 futures were up 39 points or 0.5 per cent to 8685 near 4.15am AEST.

*business · news · 2026-05-21 · Australian Financial Review*

## Key points

- The US government will take $2 billion in equity stakes across nine quantum computing firms.
- IBM received a $1 billion grant from the Trump administration to build a quantum chip foundry.
- PsiQuantum, co-founded by Australians, will receive a $140 million US government equity stake.
- GlobalFoundries secured $375 million in US funding for quantum initiatives.
- Diraq, a quantum computing startup, will get $38 million from the US Commerce Department.

**Companies:** IBM, Nvidia, GlobalFoundries, PsiQuantum, D-Wave, Rigetti, Infleqtion, Atom Computing, Quantinuum, Diraq
**Countries:** Australia, United States, Iran

[Read the full story on Australian Financial Review](https://www.afr.com/markets/equity-markets/asx-to-rise-oil-swings-lower-on-us-iran-peace-prospects-20260522-p5zznj)

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