Trump's "art of the deal" strikes again! The US government is investing $20 billion in quantum computing, acquiring stakes in quantum leaders such as IBM and Google.

Insiders have revealed that the Trump administration is granting a total of $2 billion in funding to nine quantum computing companies, with the US government acquiring equity in these companies as part of the deals. The US Department of Commerce has agreed to allocate $1 billion of this funding to IBM (IBM.US), while GFS (GFS.US) will receive $375 million. The remaining companies, including D-Wave Quantum (QBTS.US), Rigetti Computing (RGTI.US), and Infleqtion, are expected to each receive $100 million, while the startup company Diraq may receive $38 million. These investments continue a practice of the Trump administration to hold equity in companies considered vital to the domestic supply chain to strengthen strategic dominance in certain areas. Previously, the US government has held significant stakes in companies such as Intel Corporation and rare earth mining company MP Materials. Quantum computers use the principles of quantum mechanics to process information, exponentially faster than traditional supercomputers when tackling complex mathematical problems. However, existing quantum computers allocate a significant portion of their computing power to error correction, making them not necessarily faster than classical computers in terms of net benefits. The stock prices of companies involved in the transactions rose between 7% to 21% in pre-market trading.