The new report adds that the U.S. Commerce Department plans $2.013 billion in federal grants for nine quantum-related companies under the CHIPS and Science Act. IBM is slated to receive $1 billion and GlobalFoundries $375 million. The funding is intended to speed development of fault-tolerant quantum computing, while the article links the effort to concerns that advanced quantum systems could threaten existing encryption, including estimates that Bitcoin’s cryptography could become vulnerable as early as 2030.