Key facts
- The U.S. Department of Commerce is providing $2.013 billion in federal incentives to nine quantum computing companies.
- The funding is part of the CHIPS and Science Act, aimed at accelerating the development of fault-tolerant quantum computers.
- GlobalFoundries and IBM will receive significant funding to establish domestic quantum manufacturing infrastructure.
- Seven other quantum computing companies will receive funding to address critical engineering challenges across various modalities.
- The investment is intended to bolster U.S. national security and technological leadership in quantum computing.
The U.S. Department of Commerce has announced its intention to provide $2.013 billion in federal incentives to nine quantum computing companies through the CHIPS and Science Act. This significant investment aims to accelerate the development of utility-scale, fault-tolerant quantum computers and bolster the nation's position in this critical emerging technology.
The funding will support two domestic quantum foundry companies, GlobalFoundries and IBM, along with seven other quantum computing firms. GlobalFoundries is slated to receive $375 million to establish a secure, domestic quantum foundry capable of supporting multiple architectures. IBM will receive $1 billion to build a new quantum foundry subsidiary focused on quantum-grade superconducting wafers.
Seven additional companies, including Atom Computing ($100 million) and Diraq (up to $38 million), will receive incentives to address specific engineering challenges across various quantum modalities such as neutral atom, silicon-spin, superconducting, photonic, and trapped ion. These efforts are designed to tackle issues like device reproducibility, optical complexity, error rates, and cryogenic system integration.
Secretary of Commerce Howard Lutnick stated that these investments will lead to thousands of high-paying American jobs and advance U.S. quantum capabilities, positioning the administration as a leader in innovation. The initiative underscores a broader strategy to strengthen American technological resilience and national security through direct investment in advanced manufacturing and microelectronics.