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Trump Administration in Talks to Take Stakes in Quantum Computing Firms

The Trump administration is in discussions with several U.S. quantum computing companies to acquire equity stakes in exchange for federal funding, according to a Wall Street Journal report citing people familiar with the talks. The proposed deals would represent another instance of direct government investment in strategically important technology sectors.

Companies involved in the discussions reportedly include IonQ, Rigetti Computing, D-Wave Quantum, Quantum Computing Inc., and Atom Computing. Each firm could receive at least $10 million in funding under the plan, with the government becoming a shareholder as part of the arrangement.

The move follows similar interventions, including a proposed 10% federal stake in Intel tied to grant funding, and the Pentagon’s equity position in MP Materials to support rare earth production. Deputy Commerce Secretary Paul Dabbar, formerly an executive in the quantum industry, is said to be leading the negotiations.

The Department of Commerce declined to confirm the talks, while several companies and the White House did not immediately respond to requests for comment. The initiative reflects Washington’s growing push to secure leadership in quantum technologies as rivals such as China ramp up investment in the field.

Wolfspeed’s Shares Plunge to 27-Year Low Amid Uncertainty Over Federal Funding

Shares of Wolfspeed, a prominent chipmaker, dropped by 50% on Friday, hitting their lowest point since 1998. This significant decline stems from uncertainty surrounding the company’s eligibility for federal funding under the U.S. CHIPS Act. Wolfspeed is awaiting approximately $750 million in subsidies promised by the 2022 bipartisan CHIPS Act, which allocated $52.7 billion in federal funds to boost U.S. semiconductor manufacturing.

However, Wolfspeed’s future funding remains in limbo as the company is left vulnerable to changes in the administration’s stance on the law. President Donald Trump has recently voiced opposition to the CHIPS Act, calling for its repeal in favor of using its funds for debt reduction. This has increased concern over the company’s ability to secure the much-needed funds.

Analysts warn that without the CHIPS Act grant, Wolfspeed may face devastating consequences, including the need for major restructuring. The company had hoped the funding would help it accelerate the production of silicon carbide chips, essential for electric vehicles and renewable energy.

As of Friday, Wolfspeed’s shares were trading at $2.72, marking a 59% decline in value for the year. The company has also made changes in leadership, appointing Robert Feurle as CEO, effective May 1. Additionally, Wolfspeed has secured $865 million in tax credits to strengthen its financial position.

Cuts to USAID Halt U.S. Farm Research at Universities, Sources Say

The Trump administration’s dismantling of the U.S. Agency for International Development (USAID) has caused farm research laboratories at land-grant universities in 13 states to cease operations, according to six lab directors. The closures mark another blow to U.S. agriculture, following efforts by President Donald Trump to overhaul the federal government. The halted research was designed to improve seed and equipment technology and develop international markets for U.S. agricultural products.

The shutdowns have compounded difficulties already faced by farmers, who have experienced disruptions to government food aid programs, agricultural grants, and loans. Land-grant universities, which were established on land granted by the federal government, have been particularly affected.

“For U.S. farmers, this is not good,” said Peter Goldsmith, head of the University of Illinois’ Soybean Innovation Lab, one of the affected facilities. The State Department did not provide a response to inquiries about the closures.

The 17 laboratories that received stop-work orders were part of USAID’s Feed the Future Innovation Labs program, which partnered with countries such as Malawi, Tanzania, Bangladesh, and Rwanda to conduct agricultural research. This research benefited U.S. farmers by developing production practices that could be applied domestically or providing early warnings about potential pest threats.

David Hughes, director of the USAID Innovation Lab on Current and Emerging Threats to Crops at Penn State University, said the shutdown limits their ability to help farmers fight pests and diseases. One halted project focused on controlling a virus harming banana crops in Tanzania.

David Tschirley, who chairs the Feed the Future Innovation Lab Council and runs a USAID-funded lab at Michigan State University, said the lab network employs about 300 people and collaborates with up to 4,000 partners abroad. “It presents an American face to the world that is a very appreciated face,” Tschirley said, emphasizing the research’s role in promoting national security.

Stop-work orders were issued to all 17 labs at the end of January after Trump froze most foreign aid. Since then, the labs have received no further guidance from the State Department. Some universities have attempted to cover costs temporarily, with mixed success.

At Michigan State, Tschirley’s lab has been allowed to retain employees under the assumption that USAID will eventually approve funding. However, Goldsmith laid off all 30 staff members at his lab last week and plans to close it entirely by April 15. His lab had previously assisted African farmers with soy planting and helped companies establish soy-processing plants.

Some agribusiness partners of the labs include Bayer, Corteva, BASF, and Archer-Daniels-Midland. Bayer stated it is assessing the funding halt, while other companies did not comment.

The funding freeze is part of broader actions by Trump to reshape the federal government. For example, U.S. commodity purchases were temporarily suspended following Trump’s January 24 order halting most foreign aid. Additionally, federal farm program payments have been delayed due to Trump’s directive freezing loans and grants, though this order has been blocked in court.