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(Bloomberg) -- The Trump administration has agreed to award $1 billion to International Business Machines Corp. to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US's Latest Proposal Has 'Narrowed the Gaps'Modi's Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz

(Bloomberg) -- The Trump administration has agreed to award $1 billion to International Business Machines Corp. to build a foundry for producing quantum computing chips, part of a broad strategy to bolster US leadership in an emerging industry.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Says the US’s Latest Proposal Has ‘Narrowed the Gaps’Modi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran in Talks With Oman Over Permanent Hormuz

US equity indexes ended higher Thursday after President Donald Trump appeared willing to wait for Ir

Quantum sector ignites on $2B federal backing aimed at beating China in tech race

IBM is breaking into the quantum computing foundry business.

Tech stocks were higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF

The Trump administration is expanding the government's burgeoning investment portfolio, announcing Thursday that it will award grants to nine quantum computing companies, including a new IBM venture, in exchange ‌for equity stakes.

May 21 () - The Trump administration is ramping up efforts to secure U. supply chains for critical minerals and semiconductors by converting federal grants for companies into equity stakes, aimed at reducing reliance on China.

The U.S. Department of Commerce will invest $2 billion into quantum chip foundries and startups as the "Q-Day" Bitcoin threat nears.

The markets were stunned last July when the Trump administration announced it was investing $400 million into rare earths miner MP Materials (NYSE:MP) to bolster domestic rare earth production. A month later came an even bigger surprise: roughly $8.9 billion directed toward Intel (NASDAQ:INTC). The stock market has spent decades operating under a simple assumption ... Trump Gave Intel $8.9 Billion. Now Taxpayers Are Buying IBM

Intuitive Surgical’s da Vinci 5 surgical platform, which began shipping in earnest on April 1, 2026, runs on 10,000 times the computing power of the da Vinci Xi and was co-engineered with NVIDIA’s Isaac platform. That is a working hospital robot, on the floor, today, that needed an AI compute stack nobody had five years ... Quantum Computing and Robotics Are Arriving Faster Than Most Investors Realize and After Years of Covering This Space These 3 ETFs Stand Out

The Trump administration is awarding $2 billion in CHIPS Act grants to nine quantum computing companies, with IBM getting $1 billion and the government taking equity stakes across the group.

Several quantum computing stocks rallied Thursday on expectations of deals that will see the federal government take stakes in the firms.

All three major US stock indexes were down and oil prices were up after Iran's supreme leader issued

Shares of International Business Machines (NYSE:IBM) are up 8% in mid-morning trading Thursday, while three legacy enterprise tech peers don’t have the same rocket fuel today. Oracle (NYSE:ORCL), Cisco Systems (NASDAQ:CSCO), and Hewlett Packard Enterprise (NYSE:HPE) are providing mixed results and falling behind IBM stock. The setup is striking because IBM stock has been the ... IBM Rallies 8% While Oracle, Cisco, HPE Drift: Is the Laggard Finally Bouncing?

Quantum stocks rose as the Trump administration announced it is giving out grant money for research and development projects in exchange for company stakes.

Shares in International Business Machines Corp (NYSE:IBM) jumped 6.4% on Thursday, helping pull the Dow Jones out of early losses after the White House agreed to support a new quantum chip manufacturing venture with $1 billion of funding. The Department of Commerce confirmed it had signed a...

The US Department of Commerce is awarding $2 billion in grants to American quantum-computing companies, half of which will go to IBM, in a bid to bolster the buildout of super computers that could solve some of the world’s most pressing problems.

(Updates with stock movement in the last paragraph.) IBM (IBM), GlobalFoundries (GFS) and D-Wave

US equity futures were edging lower pre-bell Thursday despite upbeat fiscal Q1 financial results pos

Shares of several quantum computing companies surged in U. S.

Trump administration awards $2 billion to nine quantum firms and takes minority equity stakes in each recipient.

The Trump administration’s reported decision to award $2 billion in grants to leading quantum-computing companies marks one of the strongest signals yet that quantum technology has moved from experimental science into the realm of national strategic infrastructure. According to a Reuters report citing the Wall Street Journal, the U.

IBM stands to receive $1 billion of the package, which covers nine companies and is funded by the 2022 Chips and Science Act

The Trump administration hopes to spur “a new era of American innovation,” Commerce Secretary Howard Lutnick says.

IBM and shares of several quantum computing firms jumped Thursday after the U.S. Commerce Department announced $2 billion in grants to advance the technology. The deals reportedly include equity stakes.

Stock Market Today: The Dow Jones index dropped Thursday ahead of jobless claims data. Nvidia stock waffled on earnings.

IBM (IBM), GlobalFoundries (GFS) and D-Wave Quantum (QBTS) are among the major quantum companies set

The US government will take equity stakes worth a total of $2bn in a slew of quantum computing companies, including a start-up backed by a firm...

A handful of quantum-computing companies have been given grants that include U.S. government equity stakes, sending their shares higher in premarket trading: IBM is getting $1 billion of the $2 billion total package.