US government takes $2 billion equity stake in nine quantum computing firms

Beneficiaries include start-up backed by firm with links to the Trump family.

See full article...

 

[DRJlaw]

'Member when the Republican party cried "socialism" at pretty much anything that resembled government influence outside of an essentially unconditional subsidy?

Pepperidge Farms remembers.

Now they're totally fine with becoming major stakeholders in basically self-sufficient enterprises.

 

[DRJlaw]

“With today’s CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation,” said US commerce secretary Howard Lutnick.

Oh, by the way, Gray Man bad, Orange Man gooooood:

Former President Donald Trump recently took an unexpected stance against the CHIPS Act, a bipartisan initiative aimed at strengthening U.S. semiconductor manufacturing. During his address to Congress, Trump called the law a “horrible, horrible thing” and suggested repealing it, catching many lawmakers off guard. His remarks particularly surprised Republicans, who had previously been reassured of his administration’s support.

 

[DRJlaw]

It's literally in the story and what I quoted:

The company, which has sealed partnerships with Democratic and Republican administrations, is set to receive $100 million, by far its largest US government award to date.

One of these things is not like the other, one of these things just doesn't belong.

Trump's administration obtains an ownership stake in a private corporation without Congressional authorization by abusing CHIPS Act funds.
Biden's administration was in charge when DARPA made a research project award according to their usual processes.

Explain the equivalence to me, in small words that my toddler-like brain can understand, please.