The investment comes as both the US and China expand their quantum research programs.
Quantum computers process information using quantum-mechanical effects, allowing them to tackle certain problems differently from conventional computers.
US, China expanding their quantum programs China has made quantum technology a strategic research priority, backed by substantial state investment.
The country established its National Laboratory for Quantum Information Sciences in 2017, and its 2026–2030 five-year plan identifies quantum research and applications as areas of focus.
The US Department of Energy has also launched the Quantum Genesis Q Competition, offering up to $215 million to companies working toward fault-tolerant quantum computers.