The Trump administration has awarded $2 billion in funding to nine quantum computing companies in exchange for equity.

BlockBeats News, May 21st, according to The Wall Street Journal report, the Trump administration is providing $2 billion in funding to 9 quantum computing companies through the Department of Commerce in exchange for equity. The specific breakdown is as follows:

$1 billion will be awarded to IBM, chip manufacturer GlobalFoundries will receive $375 million, publicly traded companies including D-Wave Quantum, Rigetti Computing, and Infleqtion will each receive $100 million, and startup company Diraq is expected to receive $38 million.