· Event impact
CHIPS Act Funds Quantum Computing Development.
Transmission path
Government funding under the CHIPS Act accelerates the development of quantum computing infrastructure, creating growth opportunities for recipient companies and advancing a strategic technology sector.
Market mechanism
Government funding under the CHIPS Act accelerates the development of quantum computing infrastructure, creating growth opportunities for recipient companies and advancing a strategic technology sector.
Extended read
The U.S. Department of Commerce has allocated $2.01 billion in federal incentives through the CHIPS and Science Act to bolster the quantum computing sector. This significant funding will support nine companies, with IBM receiving $1 billion and GlobalFoundries $375 million specifically for establishing quantum foundries. An additional six companies will each receive up to $100 million. This initiative aims to accelerate the development of critical quantum computing infrastructure, positioning the U.S. at the forefront of this strategic technology and creating substantial growth opportunities for the beneficiary companies.
Exposed assets
IBM · GFS
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