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The Trump administration will not be in talks to take fairness stakes in U.S. quantum computing companies, the Commerce Division confirmed to FOX Enterprise Thursday, pushing again on a Wall Avenue Journal report that advised the federal government was exploring investments in corporations, together with IonQ, Rigetti Computing and D-Wave Quantum.
“The Commerce Division will not be at the moment negotiating fairness stakes with quantum computing corporations,” a Commerce spokesperson informed FOX Enterprise.
The assertion got here after the Journal cited unnamed sources claiming the administration had thought-about taking stakes in choose quantum startups as a part of a broader effort to strengthen America’s edge towards China in superior know-how.
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President Donald Trump and Secretary of Commerce Howard Lutnick communicate to reporters after stepping off Air Power One upon arrival at Joint Base Andrews, Md., July 15, 2025. (Andrew Caballero-Reynolds/AFP through Getty Photos / Getty Photos)
In accordance with CNBC, the Trump administration beforehand took a ten% stake in Intel and a 15% stake in MP Supplies, a rare-earth miner essential to nationwide safety.
Quantum computing is considered as probably the most consequential rising applied sciences, with far-reaching implications for protection and synthetic intelligence (AI). Analysts count on viable industrial quantum machines inside 5 years able to breakthroughs starting from code-breaking to drug discovery.
The sphere of quantum computing is essentially experimental. World income totaled beneath $750 million in 2024, in accordance with McKinsey, with most U.S. federal funding directed towards analysis grants and public-private partnerships fairly than fairness stakes.
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Howard Lutnick listens as President Donald Trump ship remarks earlier than Lutnick is sworn in as commerce secretary within the Oval Workplace on the White Home Feb. 21, 2025 in Washington, D.C. (Win McNamee/Getty Photos / Getty Photos)
As CNBC reported, Commerce Secretary Howard Lutnick has argued that the federal government ought to profit when taxpayer cash fuels innovation.
Nonetheless, the division’s newest denial suggests Washington continues to be treading rigorously in relation to direct possession in frontier tech, even because it ramps up scrutiny of China’s quantum sector and will increase assist for American analysis.
Commerce Secretary Howard Lutnick talks concerning the Trump Gold Card as President Donald Trump appears on throughout an government order signing within the Oval Workplace of the White Home in Washington, D.C. (Fox Information/Pool / Fox Information)
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The White Home confirmed to FOX Enterprise that it isn’t in discussions with the businesses talked about within the Journal’s report.