tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Trump admin in discussions for stakes in quantum computing firms, WSJ says

The U.S. Commerce Department is in discussions with several quantum-computing firms to take equity stakes in exchange for federal funding, a move signaling the Trump administration is broadening interventions in what it deems as critical segments of the economy, the Wall Street Journal’s Amrith Ramkumar reports, citing people familiar with the matter. Companies including IonQ (IONQ), Rigetti Computing (RGTI), D-Wave Quantum (QBTS), Quantum Computing (QUBT) and Atom Computing are in talks about the government becoming a shareholder and are discussing minimum funding awards of $10M each.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1