US Backs 9 Quantum Companies With $2 Billion to Secure Defense Supply Chains

2 articles · Updated · Financial Times · Jul 13

$2 billion in Commerce Department letters of intent would fund nine quantum companies through minority, non-controlling stakes, marking a federal push to build domestic capacity rather than rely on foreign supply chains.
The investment follows Trump executive orders that cast quantum technology as strategically vital and direct the Energy Department to become an early buyer of scientifically relevant quantum computers.
Washington is also framing the effort as a security measure, warning that adversaries are already collecting encrypted data in hopes of cracking it once powerful quantum machines emerge.
The quantum push sits inside a broader industrial strategy that has already expanded to about 15 companies across semiconductors, critical minerals and defense to rebuild allied, China-excluding supply chains.