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US, China escalate quantum race with rival investment drives
The US and China are intensifying their quantum computing competition as Washington allocates $2 billion for nine US firms, prompting a 20% surge in shares of key Chinese quantum companies like Quantum CTEK. Investors anticipate Beijing's response to maintain global quantum supremacy.
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- US government takes $2 billion equity stake in nine quantum computing firms
- Quantum stocks soar as U.S. reportedly plans $2 billion ‘award’ and taking equity stakes
- US is taking equity stakes in IBM and other quantum computing companies
- Ripple races to make XRP Ledger quantum-ready as computing threat turns ‘credible’
- France to invest €1.5 billion in quantum computing, advanced microchips
- Goldman, JPMorgan Show Wall Street’s Split in Quantum Computing Race