Story perspectives

Trump Unveils $2B Quantum Funding; IBM Gets $1B

5/24/2026

Summary

Trump Funds Quantum

President Donald Trump announced a $2 billion package for quantum computing firms, including minority equity stakes.
IBM will receive $1 billion and match it to build a quantum chip foundry in Albany.
GlobalFoundries gets $375 million for a 1 % stake while several firms receive $100 million and Diraq may get up to $38 million.
Shares rose, with IBM up 12.43 % as funding draws from the 2022 CHIPS and Science Act and a quantum-tech executive order.

Summary

POSCO Builds Rare-Earth

POSCO International and ReElement Technologies pledged $200 million to build a U.S. rare-earth plant.
The plant will aim for 6,000 tons annually, with a 3,000-ton first phase reaching mass production by 2028.
China controls about 70 % of rare-earth mining and over 90 % of refining, prompting U.S. officials to fast-track supply-chain shifts away from China.
McKinsey forecasts quantum-computing investment to rise 6.3-fold to $12.6 billion in 2025, reflecting the widening U.S.–China tech rivalry.

Summary

IBM Leads Quantum

IBM's quantum wafer foundry will become the industry's sole "pick-and-shovel" provider.
The $2 billion fund gives IBM half of U.S. quantum support capital to build the pure-quantum and 300 mm wafer foundries.
Washington sees IBM as the quantum TSMC and expects it to set design standards, giving it pricing power over all quantum startups.
Analysts say IBM will be the profit leader after Infleqtion’s stock rose 31.44% on May 21.

History

Historical Context

President Donald Trump signed the National Quantum Initiative Act in December 2018, allocating $1.2 billion to launch a coordinated federal quantum research program. The law funded early projects at IBM, the Department of Energy and DARPA, aiming to build a domestic quantum supply chain and lessen U.S. reliance on Chinese rare-earth minerals.

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Trump Funds Quantum

President Donald Trump announced a $2 billion package for quantum computing firms, including minority equity stakes.
IBM will receive $1 billion and match it to build a quantum chip foundry in Albany.
GlobalFoundries gets $375 million for a 1 % stake while several firms receive $100 million and Diraq may get up to $38 million.
Shares rose, with IBM up 12.43 % as funding draws from the 2022 CHIPS and Science Act and a quantum-tech executive order.

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