By Rounak Jain
Publication Date: 2026-05-21 11:08:00
According to a report by The Wall Street Journal, the U.S. Department of Commerce will award grants to nine quantum computing companies, with deals that also include U.S. government equity stakes.
- According to the report, IBM will account for half of the $2 billion in grants awarded by the Trump administration.
- GlobalFoundries will receive $375 million, while other companies will get $100 million each, except Diraq, which will receive $38 million.
- In exchange, the U.S. government will receive a minority stake in each of the nine companies receiving the grants.
Shares of quantum computing companies, Rigetti Computing Inc. (RGTI), D-Wave Quantum Inc. (QBTS), and Rigetti Computing Inc. (RGTI) soared in Thursday’s pre-market trade after a report stated that the Trump administration is awarding $2 billion in grants.
According to a report by The Wall Street Journal, the U.S. Department of Commerce will award the grants to nine quantum computing companies in deals that also include U.S….