Most coverage focused on the USD 2 billion number. The detail worth sitting with: the government isn't just giving grants this time, they're taking equity stakes in the companies. That's a structural shift from the CHIPS Act model. When your largest backer is also a shareholder, their incentive to see you succeed changes. IBM, QBTS, RGTI aren't just grant recipients anymore — they have a government co-investor. 🤔
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