Trump Eyes Government Control of Quantum Computing Firms

An anonymous reader quotes a report from Ars Technica: Donald Trump is eyeing taking equity stakes in quantum computing firms in exchange for federal funding, The Wall Street Journal reported. At least five companies are weighing whether allowing the government to become a shareholder would be worth it to snag funding that the Trump administration has 'earmarked for promising technology companies,' sources familiar with the potential deals told the WSJ.

IonQ, Rigetti Computing, and D-Wave Quantum are currently in talks with the government over potential funding agreements, with minimum awards of $10 million each, some sources said. Quantum Computing Inc. and Atom Computing are reportedly 'considering similar arrangements,' as are other companies in the sector, which is viewed as critical for scientific advancements and next-generation technologies. No deals have been completed yet, sources said, and terms could change as quantum-computing firms weigh the potential risks of government influence over their operations.

The administration will lean on Deputy Commerce Secretary Paul Dabbar to extend Trump's industry meddling into the quantum computing world, the WSJ reported. A former Energy Department official, Dabbar co-founded Bohr Quantum Technology, which specializes in quantum networking systems that the DOE expects will help 'create new opportunities for scientific discovery.' While the firm he previously headed won't be eligible for funding, Dabbar will be leading industry discussions, the WSJ reported, likely hyping Trump's deals as a necessary boon to ensure US firms dominate in quantum computing. A Commerce Department official denied the claims, saying: 'The Commerce Department is not currently negotiating equity stakes with quantum computing companies.'

In August, the Trump administration took a 10% stake in Intel to help fund factories that Intel is currently building in Ohio.

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