Story perspectives

US Pours $2 B into Quantum; UK Unveils £2.5 B Plan

6/14/2026

Summary

**U.S. Boosts Quantum**

The U.S. committed $2 billion in stakes for nine quantum firms under the CHIPS Act after an agreement by President Donald Trump.
IBM received $1 billion and pledged $1 billion for a U.S. quantum chip foundry.
GlobalFoundries secured $375 million for a 1 % stake.
D-Wave, Rigetti, Infleqtion, Atom Computing, PsiQuantum and Quantinuum each expect $100 million in awards.
Britain announced a £2.5 billion, 10-year strategy and the Quantum Growth Alliance to create customers.

Summary

**U.S. Buys Intel**

Intel disclosed the U.S. government will buy 433.3 million shares at $20.47, investing $8.9 billion for a 9.9% stake.
The purchase merges $5.7 billion of unpaid CHIPS Act grants with $3.2 billion from the Defense Department’s Secure Enclave program.
Intel warned the stake could hurt international sales, raise litigation risk, and affect future grant eligibility.
Bill Gates supports public funding for basic research but opposes direct government equity in strategic tech firms.

History

Historical Context

President Bill Clinton announced the National Information Infrastructure in 1993, a plan to expand broadband and computing, while Vice President Al Gore promoted it as a public-interest opportunity. The effort spurred later federal programs, such as the 2000 $100 million National Digital Information Infrastructure and Preservation Program and today’s CHIPS Act, which again pairs government funds with industry to secure U.S. technology leadership.

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**U.S. Boosts Quantum**

The U.S. committed $2 billion in stakes for nine quantum firms under the CHIPS Act after an agreement by President Donald Trump.
IBM received $1 billion and pledged $1 billion for a U.S. quantum chip foundry.
GlobalFoundries secured $375 million for a 1 % stake.
D-Wave, Rigetti, Infleqtion, Atom Computing, PsiQuantum and Quantinuum each expect $100 million in awards.
Britain announced a £2.5 billion, 10-year strategy and the Quantum Growth Alliance to create customers.

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