After Intel, IBM gets $1 billion package from Trump government as it establishes a new business
IBM is set to receive $1 billion from the US government as part of a $2 billion quantum computing funding package.
This investment, aimed at bolstering domestic manufacturing and accelerating development in strategic technology sectors, includes minority equity stakes for the government.
- U.S. to Award Quantum-Computing Firms $2 Billion and Take Equity Stakes Wall Street Journal —
- US awards IBM and other firms $2 billion to give America the edge in quantum computing CNN —
- Quantum computing stocks surge as U.S. is awarding $2 billion in grants and taking equity stakes Quartz —
- US government takes $2 billion equity stake in nine quantum computing firms Ars Technica —
- US is taking equity stakes in IBM and other quantum computing companies Engadget —