By JOON HYOUNG LEE
Publication Date: 2026-05-21 12:14:00
- The US Commerce Department is pursuing a total $2 billion subsidy investment in nine domestic quantum computing companies.
- Of that amount, IBM will receive $1 billion, GlobalFoundries $375 million, and Diraq $38 million.
- On the investment news, shares of IBM and GlobalFoundries jumped about 7%% in premarket trading.
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The US government plans to invest a total of $2 billion in nine domestic quantum computing companies.
The Wall Street Journal reported on May 21 that the Commerce Department plans to provide about $2 billion in subsidies to nine US quantum computing companies through contracts that include equity investments. The move would speed up the administration’s effort to nurture an early-stage industry that has attracted a wave of corporate and investor capital in recent months, the newspaper said.
Of the $2 billion package, the Commerce Department plans to give $1 billion to IBM. The…
