On Thursday, the U.S. federal government signed nine letters of intent to provide just over $2B in federal incentives under the CHIPS and Science Act to a number of quantum computing firms.
IONQ may not have wanted or needed to be included, as the government is also taking an equity stake in each company. So there were strings attached to the $$.
The government $$ may also have been a lifeline to help keep the smaller companies afloat with technologies that may be important in the future.
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