Core Insights - The Trump administration is negotiating with U.S. quantum computing companies for equity stakes in exchange for federal funding [1][2] - Companies involved include IonQ Inc., Rigetti Computing, and D-Wave Quantum, with discussions led by U.S. Deputy Commerce Secretary Paul Dabbar [2][3] - Funding awards are expected to start at $10 million each, with other firms like Quantum Computing Inc. and Atom Computing considering similar arrangements [3] Government Involvement - The U.S. government previously acquired nearly a 10% stake in Intel by converting $9 billion in grants into equity [5] - The Department of Defense gained a roughly 15% stake in MP Materials, potentially making it the largest shareholder [6] Industry Developments - Microsoft has demonstrated advancements in practical quantum computing, indicating that significant breakthroughs may occur in the near future [7] - Other major players like Google and IBM are also reporting accelerated progress in quantum computing technology [7]
Trump Administration Reportedly Exploring Taking Stakes In Quantum Computing Companies— IonQ, Rigetti And D-Wave Discussing Move