US backs quantum firms with $2 billion stakes (opens in new tab)

The U.S. Department of Commerce signed letters of intent with nine quantum computing companies for a $2 billion incentive package in which the government would take equity stakes in recipients, according to preliminary agreements announced Thursday. The awards target quantum hardware and related manufacturing as the Trump administration seeks to expand domestic capacity in a sector tied to national security, advanced manufacturing and competition with China. IBM is expected to receive about $...