#chips act
2 stories
GlobalFoundries' Quantum Expansion Raises Questions About Ties to Post-Quantum Crypto Project
Recent corporate filings and supply chain disclosures suggest that GlobalFoundries, the U.S.-based semiconductor manufacturer now operating with the Trump administration as a minority shareholder, has established technology-sharing arrangements with Qbit, a post-quantum cryptocurrency project. The partnership, which has not been formally announced, appears to involve access to GlobalFoundries' cryogenic CMOS and quantum manufacturing platforms—technologies being developed with $375 million in federal CHIPS Act funding. Meanwhile, Qbit's native QBT token has shown resilience in early trading, with mining adoption growing steadily since its 2026 genesis block.
Trump Administration Unveils $2 Billion Quantum Computing Initiative, Secures Equity Stakes in Leading Firms
The Trump administration has announced a $2 billion investment in nine quantum computing companies under the CHIPS and Science Act, marking one of the most significant government commitments to quantum technology to date. The Department of Commerce has signed letters of intent with the firms, with the government receiving minority, non-controlling equity stakes in each company rather than providing traditional grants.