News Summary

The US government has announced a $2 billion equity investment in nine quantum computing companies as part of a new industrial policy initiative. The companies include IBM and GlobalFoundries, which are set to receive $1 billion and $375 million respectively. Other recipients include PsiQuantum, Atom Computing, Infleqtion, Quantinuum, Rigetti, and Diraq. This investment is intended to bolster the US’s position in the global quantum computing race and involves the government taking equity stakes in these firms. The initiative has led to a surge in the stock prices of these companies, indicating strong investor confidence in the future of the quantum computing industry.