As coverred in this post, Quantum Technology is one of the most promising megatrend/themes to play with key public players flying of late on the back of US Government-backing funding.
Gist: The U.S. Department of Commerce announced plans to invest approximately $2.013 billion into nine quantum computing companies under the CHIPS and Science Act. Unlike earlier grant-only programs, the U.S. government will also take minority equity stakes in recipient companies.
An article can be found here
Key Takeaways:
Recipients:
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- IBM - planned $1 billion award to create a dedicated quantum chip manufacturing company called Anderon in New York. IBM is expected to match the funding with another $1 billion.
- GlobalFoundries - planned $375 million to establish a domestic quantum foundry supporting multiple architectures.
- PsiQuantum - around $100 million for photonic quantum technologies.
- Quantinuum - around $100 million to scale trapped-ion fault-tolerant systems.
- Rigetti Computing - up to $100 million for superconducting systems and cryogenic integration.
- D-Wave Quantum - about $100 million for annealing and gate-model quantum systems.
- Atom Computing - funding for scaling neutral-atom qubit systems.
- Infleqtion - funding for large-scale neutral-atom architectures.
- Diraq - up to $38 million for silicon-spin qubit development.
Initiative is aimed at:
- strengthening U.S. leadership versus China in advanced computing,
- building domestic quantum chip manufacturing capacity,
- supporting national security applications,
- accelerating fault-tolerant quantum systems,
- and reducing reliance on overseas semiconductor supply chains.
The U.S. government's broader quantum strategy also continues through defense programs, especially via DARPA. Recent reporting notes DARPA-backed programs are still funding:
- scalable fault-tolerant architectures,
- photonic interconnects,
- cryogenic electronics,
- and quantum networking research.
National security remains a major driver because future quantum systems could eventually threaten current encryption standards.
Links
Happy to hear the thoughts of the members of the community.
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Carlos Salas
Portfolio Manager & Freelance Investment Research Consultant
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