The Trump administration will distribute $2 billion in grants to nine quantum-computing companies, including IBM, GlobalFoundries, and Rigetti, under agreements that grant the U.S. government equity stakes. The Commerce Department announced the initiative Monday as part of efforts to accelerate development in this emerging technology sector.

Commerce Secretary Howard Lutnick framed the program as a catalyst for spurring 'a new era of American innovation.' The grants arrive amid heightened private-sector interest in quantum computing, with businesses and investors pouring capital into the field in recent months.

This marks a significant shift toward public-private partnerships in advanced computing. By taking equity positions alongside funding, the government gains both upside potential and influence over strategic decisions. The move signals Washington's recognition that quantum technology represents a critical frontier for economic competitiveness and national security.

The initiative could reshape how emerging technologies receive federal support, blending traditional grants with ownership stakes that align government interests with company success.