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    Commerce letter of intent for PsiQuantum Copy link

    The Commerce Department announced $100 million in planned CHIPS funding for PsiQuantum's photonic quantum-computing work, one of nine letters of intent worth $2 billion. A letter of intent is not yet a final award.

    Awarded to PsiQuantum by U.S. Department of Commerce

    Tie 1789 Capital, where Trump Jr. is a partner, was among new investors in PsiQuantum's $1 billion round announced in September 2025.

    Response

    PsiQuantum “PsiQuantum is committed to effective and responsible partnerships with the U.S. government.” ABC News adds that 1789 is one of many minority investors. ABC News

    • RecordNIST, U.S. Department of Commerce · Department of Commerce Announces Letters of Intent With 9 Companies for $2 Billion to Accelerate U.S. Leadership in Quantum Computing · 21 May 2026 · Archived
    • ReportABC News · New shipyard announced amid earlier Democratic concerns over potential conflicts of interest · 09 Oct 2026
    • Record1789 Capital · Don Trump Jr — 1789 Capital · Archived
    Amount paid not public$100M announced value, not counted
Portrait of Donald Trump Jr.
Donald Trump Jr.

Son. Partner, 1789 Capital; EVP, Trump Organization

$1.29B counted by default · 18 line items

Cite this line item

Follow the Grift, “Commerce letter of intent for PsiQuantum,” line item for Donald Trump Jr., https://followthegrift.com/items/donjr-psiquantum-chips-loi/ (added 26 Oct 2026; accessed 01 Nov 2026).

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