The Trump administration is in early-stage conversations with quantum computing companies to discuss potential financial support for an industry that’s part of the growing race with China for technology supremacy.
Commerce Department officials have discussed with industry executives the potential to use Chips Act money to back projects and companies it deems critical to national security, according to people familiar with the matter. Conversations haven’t advanced beyond preliminary stages, said the people, and discussion of any further details like financing or equity stakes would be premature.
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