$2 billion in new CHIPS R&D grants sent quantum-computing shares sharply higher after the Commerce Department unveiled a package aimed at boosting U.S. innovation, skills and jobs.
IBM is set to receive nearly half the funding, while GlobalFoundries gets $375 million and startups including D-Wave, Rigetti and Infleqtion about $100 million each.
Infleqtion jumped 23%, D-Wave rose 16.5%, Rigetti gained 14%, GlobalFoundries climbed 13%, Quantum Computing added 11% and IBM advanced 7% as investors priced in government-backed growth.
The awards underscore how quantum computing is increasingly being framed as both an economic-competitiveness race and a national-security priority for the United States.