IBM (IBM) stock and shares of several quantum computing firms jumped Thursday after the U.S. Commerce Department announced $2 billion in grants to advance the technology. The deals with nine total companies reportedly include equity stakes.
IBM will receive $1 billion as part of the funding, which comes from the 2022 Chips and Science Act. The incentives will support research and development for a new company called Anderon, which IBM called "America's first pure play quantum foundry."
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