Trump Admin Reportedly Close To Gobbling Up Stakes In Key Growing Industry

Several quantum computing firms have reportedly been in discussions with the Commerce Department to offer equity stakes in return for federal funding.

Companies such as IonQ, Rigetti Computing, and D-Wave Quantum are considering allowing the government to take equity stakes as part of deals to secure funding designated for promising technology firms, the Wall Street Journal (WSJ) reported on Wednesday, citing anonymous sources familiar with the matter. Other technology firms, including Quantum Computing and Atom Computing, are also exploring similar arrangements, according to the outlet.

The Commerce Department, Quantum Computing, Atom Computing, D-Wave Quantum, Rigetti Computing, and IonQ did not immediately respond to the Daily Caller News Foundation’s request for comment.

Deputy Commerce Secretary Paul Dabbar, who was confirmed by the Senate in June, is reportedly spearheading the funding discussions with these technology companies, the anonymous sources told the WSJ. However, any potential deals with the quantum computing firms have yet to be finalized and remain subject to change, the report noted.

This news follows the White House announcement in August that the U.S. government will take a 10% ownership stake in Intel under a deal with the U.S.-based chipmaker. Additionally, Commerce Secretary Howard Lutnick stated on August 26 that the Trump administration was considering taking equity stakes in defense companies.

Quantum computers have the ability to solve highly complex statistical problems far beyond the capabilities of today’s conventional computers, according to a March report from McKinsey & Company. These machines can be applied across a variety of key industries, including finance, transportation, pharmaceuticals, and “green” technology.

An April 2023 report from McKinsey & Company estimated that quantum computing could account for nearly $1.3 trillion in value by 2035.

Following the release of the WSJ’s report, shares in U.S. quantum computing firms jumped in premarket trading on Thursday, according to Reuters.

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https://dailycaller.com/2025/10/23/trump-admin-commerce-department-quantum-computing/