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Commerce official tells CNBC White House not negotiating on quantum stakes

A Commerce Department official told CNBC that the U.S. government is not in talks to take equity stakes in with quantum computing companies in exchange for federal funding. “The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” the spokesperson told CNBC’s Kif Leswing in a statement, echoing a similar report from Reuters. The Wall Street Journal has reported that the Trump administration is in talks to acquire equity stakes in quantum computing companies, including IonQ (IONQ), Rigetti (RGTI), D-Wave Quantum (QBTS), and Quantum Computing (QUBT).

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