IBM lands $1bn as US backs nine quantum companies for $2bn

The Next Web
By Ana-Maria StanciucMay 21, 2026, 12:41 pm78 pts
Nine CHIPS Act letters of intent, $1bn for IBM, and a government cap table that now includes most of the publicly traded quantum names. The US Department of Commerce has signed nine letters of intent to provide $2.013bn in CHIPS Act funding to quantum computing companies, in exchange for federal equity stakes…

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