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US Dep’t of Commerce awards nine quantum computing companies $2bn in exchange for non-controlling equity stakes

By Data Center DynamicsOctober 15, 2026

AI Summary

The U.S. Department of Commerce is investing $2 billion into nine quantum companies in exchange for equity to boost domestic innovation.

The U.S. Department of Commerce has announced plans to award $2 billion to nine quantum computing companies as part of the CHIPS Research and Development program. In exchange for these investments, the government will receive non-controlling equity stakes in the firms.

Secretary of Commerce Howard Lutnick stated that these strategic investments are intended to build domestic capacity and drive U.S. leadership in the quantum sector. The initiative aims to solve difficult engineering challenges and accelerate technology roadmaps over the coming years.

While the agreements are not yet final, the Department of Commerce indicated that it will continue to solicit proposals from other eligible applicants. The program is expected to create thousands of high-paying jobs and solidify the domestic supply chain for quantum technologies.

Government
CHIPS Act
Investment

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