Trump Administration Weighs Chips Act Support For Quantum Firms

Benzinga

The Trump administration is exploring Chips Act funding for quantum computing projects to bolster U.S. tech leadership over China. The talks reflect growing national security focus as firms like Google and IonQ advance rapidly.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02The Trump administration is in early discussions with quantum computing firms about potential

00:06funding under the CHIPS Act to support U.S. technology leadership against China.

00:10Then, according to Bloomberg, Commerce Department officials have explored using CHIPS Act funds

00:14for projects critical to national security, referencing the government's 10% equity stake

00:18in Intel as a possible model. Talks remain preliminary, but highlight growing federal

00:23interest in quantum computing as a safeguard against threats to encryption and AI dominance.

00:28Google recently announced a breakthrough with its Willow quantum chip, and shares of IONQ

00:33have surged nearly 300% in the past year and been rising investor enthusiasts.

00:37For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended