GLOBALFOUNDRIES Inc.·Technology

The U.S. Department of Commerce award $2 billion in grants to quantum computing companies. It will award $0 of grants to Quantum Computing Inc.

Artificial intelligence (AI) might be the talk of the town these days, but quantum computing is the quiet thunder rumbling in the background. It just got much louder with the U.S. White House commiting to roll out a massive $2 billion funding package distributed across nine quantum computing companies.

Quantum computing stocks jumped on Wednesday after the Trump administration said it will invest $2 billion across nine companies to support the U.S. quantum sup

The federal government is moving to expand its investment portfolio with stakes in a number of quantum computing firms, sending their shares higher Thursday.

The Trump Administration plans to award $2 billion in grants and take equity stakes in nine quantum computing companies. Despite having the best name in the industry, Quantum Computing stock is not one of them.

The U.S. government just dissed IonQ by awarding grants to everyone else, who's anyone else, in quantum computing.
GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, power management units, and microelectromechanical systems, as well as offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York.
Technology
Semiconductors
13,000
2021-10-28
1.71