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.
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