SIGNALCapital Markets·May 21, 2026, 11:28 AMSignal75Medium term

IBM, D-Wave, Rigetti, GlobalFoundries confirm proposed U.S. quantum funding awards

Why this matters
Why now

The US government is actively funding critical technologies to secure domestic capabilities and maintain technological leadership, particularly in advanced computing.

Why it’s important

Government funding in quantum computing signals a strategic national investment, accelerating development and potentially shifting global technology leadership.

What changes

Key quantum computing players now have confirmed government backing, reducing R&D risk and potentially speeding up commercialization and scaling.

Winners
  • · IBM
  • · D-Wave
  • · Rigetti
  • · GlobalFoundries
Losers
  • · Non-US quantum efforts (relative)
Second-order effects
Direct

Increased investment and accelerated R&D in quantum computing within the US.

Second

Potential for the US to establish a dominant position in early quantum computing applications, driving skilled talent acquisition and infrastructure development.

Third

The emergence of quantum computing as a strategic national resource influencing long-term economic competitiveness and national security doctrines, possibly leading to a 'quantum race'.

Editorial confidence: 90 / 100 · Structural impact: 60 / 100
Original report

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