· Event impact
US funds quantum computing with $2.01B via CHIPS Act.
Transmission path
Significant federal funding for quantum computing under the CHIPS Act signals strong government support for the sector, driving investment and innovation, which could accelerate technological development and create new market opportunities for beneficiaries.
Market mechanism
Significant federal funding for quantum computing under the CHIPS Act signals strong government support for the sector, driving investment and innovation, which could accelerate technological development and create new market opportunities for beneficiaries.
Extended read
The U.S. Department of Commerce has announced a substantial allocation of $2.01 billion in federal incentives under the CHIPS and Science Act, specifically targeting nine quantum computing companies. This significant funding aims to bolster the development and commercialization of quantum technologies within the United States. Key beneficiaries include IBM, which will receive $1 billion, and GlobalFoundries, allocated $375 million, both designated for building quantum foundries. Additionally, six other companies in the quantum computing space will each receive up to $100 million. This government backing is expected to accelerate research and development, foster innovation, and potentially establish the U.S. as a leader in the nascent but strategically important field of quantum computing, creating new market opportunities for the funded entities and their supply chains.
Exposed assets
IBM · GFS · QBTS
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