US's big bet on quantum computing may not be entirely legal

US's big bet on quantum computing may not be entirely legal

Deal also launched the first quantum foundry company, but is there a need for it?

Quantum Computing Stocks Jump on Report US Will Grant $2-B in Awards

Quantum computing stocks surged after reports that the Trump administration is negotiating deals with nine quantum-computing companies under a proposed $2-billion grants-for-equity program, Grace O’Donnell reported for Yahoo Finance. GlobalFoundries could receive $375 million. (Photo: GlobalFoundries) According to a report by the Wall Street Journal, the US Commerce Department may provide $1 billion to IBM, while GlobalFoundries could receive $3…

IBM targets US quantum manufacturing with $1bn foundry plan

IBM and the US Department of Commerce have unveiled plans for what they say will be America’s first purpose-built quantum chip foundry, backed by a proposed $1bn award under the CHIPS Act. The initiative aims to strengthen domestic quantum manufacturing and accelerate production of advanced quantum wafers for a growing ecosystem of hardware developers. The […] The post IBM targets US quantum manufacturing with $1bn foundry plan appeared first on…