The U.S. Department of Commerce has allocated $2 billion to American companies engaged in quantum computing. The U.S. administration will acquire minority stakes in these projects, according to WSJ.

Half of the funding will go to IBM "to facilitate the creation of supercomputers capable of solving some of the world's most pressing problems."

The company will receive $1 billion under the CHIPS Act to establish Anderon—a separate entity to launch the first specialized quantum factory in the U.S. in Albany.

IBM has also committed to invest an additional $1 billion of its own funds.

Other recipients of government funding include:

  • GlobalFoundries — $375 million;
  • Rigetti — $100 million;
  • D-Wave — $100 million;
  • Infleqtion — $100 million;
  • PsiQuantum — $100 million;
  • Diraq — $38 million.

The program will cover a total of nine companies.

Rigetti has separately confirmed signing a letter of intent with the U.S. Department of Commerce for up to $100 million. The company stated that the funds will be directed towards research and development related to scaling superconducting quantum computers.

The announcement also mentioned that the department expects to acquire a stake in the company proportional to the amount of funding provided.

PsiQuantum also announced a letter of intent for $100 million. It reported that along with its own funding, it will allocate resources to develop photonic components, packaging, and other technologies for scalable quantum systems and the U.S. semiconductor industry.

This program is part of a broader strategy by Washington to support critical technologies and local supply chains. U.S. authorities are also preparing a separate directive to support the quantum sector.

The government views this direction as a key area in the technological competition with China.

Sources told WSJ that the scheme with government participation is expected to benefit taxpayers if the value of the companies increases.

In May, Keeper Security CEO Darren Guccione stated that AI and quantum technologies could threaten existing security systems.