The Kobeissi Letter
The Kobeissi Letter|May 21, 2026 12:04
BREAKING: The Trump Administration is investing $2 billion in quantum computing companies and will receive equity stakes in return, per WSJ. Details include: 1. $1 billion of the package will be awarded to IBM, IBM 2. Chip maker GlobalFoundries, GFS, is receiving $375 million in funding 3. The rest of the companies will receive $100 million each, except for startup Diraq, which is slated to get $38 million 4. Multiple other public companies will receive funds including D-Wave Quantum, Rigetti Computing, and Infleqtion Trump's next big bet is on quantum computing.(The Kobeissi Letter)
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