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U.S. Commerce Department Provides $2 Billion in Grants to 9 Quantum Computing Companies, Including IBM, on May 21

GateNews

2026-05-21 10:47:43

According to the Wall Street Journal, the U.S. Commerce Department announced on May 21 a total of $2 billion in government grants to 9 quantum computing companies, including IBM, with the federal government also acquiring equity stakes in the transactions. The move aims to accelerate development of quantum computing technology and foster more stable, scalable quantum systems as part of the Trump administration's broader push to maintain U.S. competitiveness in advanced computing.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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