Trump Administration Considers Investing in Quantum Computing Companies: WSJ
The Trump administration is exploring investments in quantum computing companies. According to a report from the Wall Street Journal, several firms are in discussions to allow the U.S. government to take equity stakes in exchange for federal funding. This initiative involves substantial minimum funding awards of at least $10 million per company.
Companies Involved in Discussions
A range of quantum computing companies are participating in these discussions. Key players include:
- IonQ (IONQ.N)
- Rigetti Computing (RGTI.O)
- D-Wave Quantum (QBTS.N)
- Quantum Computing (QUBT.O)
- Atom Computing
These companies may potentially benefit from government investments, enhancing their capabilities and resources.
Government’s Role and Funding
The discussions are reportedly being led by U.S. Deputy Commerce Secretary Paul Dabbar. Given his background in the quantum field, he is well-suited to oversee these negotiations. Meanwhile, a U.S. Commerce official stated that the department is not actively negotiating with these companies at this moment.
Previous Government Investments
This potential investment strategy is part of a larger trend of the U.S. government intervening in corporate affairs. Earlier in the year, President Trump announced a plan for the government to acquire a 10% equity stake in Intel using government grants. Additionally, the Pentagon has become the largest shareholder in MP Materials to support the output of rare earth magnets.
Potential Impact on Quantum Computing
The advancements in quantum computing could lead to significant changes in technology. Companies like Microsoft, Google, and IBM have recently made claims that quantum computing is closer to reality than previously expected. Microsoft announced a new chip, suggesting significant breakthroughs are on the horizon.
Conclusion
The government’s potential investment in quantum computing companies could significantly accelerate developments within this crucial field. As discussions unfold, the outcome may reshape the landscape of technology in the United States.
