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Trump admin not negotiating with quantum firms with equity stakes: Commerce official
CNBCยท2025-10-23 16:37

Group 1 - The U.S. government is not currently negotiating equity stakes with quantum computing companies in exchange for federal funding [2] - The denial follows reports that the Trump administration was in talks with companies such as IonQ, Rigetti Computing, and D-Wave Quantum [3] - During trading, Rigetti Computing rose by 7%, IonQ by 7%, D-Wave by 13%, and Quantum Computing by 5% [3] Group 2 - The Trump administration has previously taken equity stakes in companies deemed vital to U.S. national security, including a 10% stake in Intel and a 15% stake in MP Materials [4] - Experts note that the U.S. government's increasing interest in acquiring stakes in private companies is unprecedented in recent decades [5] - Commerce Secretary Howard Lutnick has stated that the government should benefit from a company's success, particularly when federal funds are involved [5]