US-Backed IBM, D-Wave CHIPS Deals Expand Quantum Push
The U.S. government is expanding its industrial policy beyond semiconductors and AI to include quantum computing, with significant federal funding initiatives. IBM plans to establish America's first dedicated quantum foundry with up to $1 billion from the CHIPS and Science Act to manufacture advanced quantum wafers and scale domestic production. Separately, D-Wave Quantum is set to receive federal funding under a proposed CHIPS agreement, which includes a $100 million equity stake for the government in the company to support its quantum computing programs. AI
IMPACT Government funding for quantum computing manufacturing and compute is expected to accelerate advancements in areas like cryptography and material science, potentially impacting future AI development.