➀ The U.S. government is negotiating equity-for-funding deals with quantum computing companies like Atom Computing and IonQ, leveraging the CHIPS Act to strengthen domestic tech leadership;

➁ Companies seek at least $10 million each via the Commerce Department's Chips R&D Office, with funds redirected from Biden-era programs under Secretary Howard Lutnick;

➂ This initiative mirrors earlier stakes in Intel (9.9%) and MP Materials, aiming to boost national competitiveness in quantum tech while securing future financial returns for taxpayers.

➀ Semiconductor capital expenditures (CapEx) are expected to decrease to $155 billion in 2024, before increasing to $160 billion in 2025.

➁ TSMC plans a significant increase in CapEx for 2025, estimating between $38 billion and $42 billion, while Micron Technology is projecting $14 billion.

➂ The CHIPS Act has allocated $32 billion in grants and $6 billion in loans to support semiconductor manufacturing in the U.S.