US Awards $2 Billion in Quantum Computing Grants Under CHIPS Act
On May 21, 2026, the Trump administration announced $2 billion in grants to nine quantum computing firms, funded by the 2022 CHIPS and Science Act, taking minority equity stakes. IBM received $1 billion for its new quantum chip foundry Anderon in New Albany, New York, with GlobalFoundries getting $375 million. Other recipients include D-Wave, Rigetti, Infleqtion, and Diraq. Stocks surged 6–31% on the news, which aims to counter China and boost domestic quantum leadership.
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Trump Praised IBM CEO, Government Floats $1B Quantum Award — Stock Analysis
On May 21, 2026, IBM and the US Department of Commerce announced a proposed $1 billion CHIPS Act award to build America's first purpose-built quantum chip foundry, a new IBM subsidiary called Anderon in Albany, New York. IBM is matching the award with $1 billion of its own funds. The announcement followed a December 2025 White House roundtable where President Trump praised IBM CEO Arvind Krishna as 'a legend' and credited him with raising the stock price. IBM shares surged 12% on the news, the biggest single-day gain since January 2025, and continued rising to $297.80 by May 29. The article also notes that Trump's trust engaged in routine small-scale trading of IBM shares in early 2026, with four purchases and four sales between $1,001 and $50,000 each, among a broad portfolio of holdings.
Yahoo FinanceIBM to invest $10 billion for large-scale quantum computer by 2029
IBM announced on May 28, 2026, plans to invest over $10 billion in quantum computing over five years, aiming to build the first large-scale quantum computer capable of reliable, error-free complex calculations by 2029. The announcement follows a Trump administration decision to take $2 billion in equity stakes in nine quantum computing companies, with IBM receiving half the funding for a new venture called Anderon, which will become the first dedicated quantum chip manufacturing facility in the U.S. The move is part of efforts to secure U.S. leadership in quantum technology and counter China. IBM has deployed over 90 quantum systems to date, more than all other industry players combined, and over 325 Fortune 500 companies, startups, universities, and government agencies use its systems. Major technical hurdles remain, including high error rates limiting practical use. IBM shares rose 1.7% in premarket trading.
Yahoo FinanceU.S. Government Invests $2 Billion in Quantum Computing Companies, Taking Equity Stakes
On May 21, 2026, the U.S. Commerce Department announced a $2 billion investment in nine quantum-computing companies, taking minority equity stakes rather than providing traditional grants. This marks a strategic shift toward treating quantum computing as a commercial industry. IBM received a $1 billion award, and the launch of the Anderon quantum foundry highlights domestic infrastructure priorities. CEO Arvind Krishna expects 'quantum advantage' to be achieved in 2026, suggesting accelerating commercialization. The article, published on Seeking Alpha by WisdomTree, also promotes the WisdomTree Quantum Computing Fund (WQTM) as a way for investors to gain exposure to the sector.
All Articles on Seeking AlphaU.S. Government Invests $2 Billion in Nine Quantum Computing Companies
The U.S. Department of Commerce announced letters of intent to provide approximately $2.01 billion in CHIPS and Science Act funding to nine quantum computing companies, taking minority non-controlling equity stakes in exchange. IBM is the largest recipient, receiving $1 billion to launch a quantum chip foundry subsidiary called Anderon in Albany, New York, which IBM will match with $1 billion of its own. GlobalFoundries received a separate $375 million award. The news caused IBM shares to rise 12%, while smaller speculative quantum stocks saw even larger gains. The article notes that for IBM, quantum computing remains a small part of its $67.5 billion revenue business, but the funding accelerates its roadmap toward a fault-tolerant quantum computer by 2029. Pure-play quantum stocks carry higher risk and speculation.
Yahoo FinanceIBM spins off America's first quantum chip foundry with $2 billion in federal and private funding
IBM announced the creation of Anderon, a standalone company and America's first pure-play quantum chip foundry, backed by a proposed $1 billion CHIPS Act R&D award from the U.S. Department of Commerce and a matching $1 billion cash investment from IBM. Headquartered in Albany, New York, Anderon will operate a 300mm quantum wafer fab and offer manufacturing services to competing quantum hardware vendors. The deal is part of a broader $2.013 billion federal quantum portfolio split across nine companies, the largest single quantum R&D commitment in U.S. history. IBM aims to build the quantum computing industry's equivalent of TSMC, a neutral third-party manufacturer for superconducting qubit wafers. GlobalFoundries also received a separate $375 million allocation for a 'Quantum Technology Solutions' foundry.
Latest from Tom's HardwareIBM spins off America's first quantum chip foundry with $2 billion in federal and private funding
IBM announced the creation of Anderon, a standalone company and America's first pure-play quantum chip foundry, backed by a proposed $1 billion CHIPS Act R&D award from the U.S. Department of Commerce and a matching $1 billion cash investment from IBM. Headquartered in Albany, New York, Anderon will operate a 300mm quantum wafer fab and offer its manufacturing services to competing quantum hardware vendors. The deal is part of a broader $2.013 billion federal quantum portfolio split across nine companies, the largest single quantum R&D commitment in U.S. history. IBM aims to build the quantum computing industry's equivalent of TSMC, a neutral third-party manufacturer for superconducting qubit wafers. GlobalFoundries also received a separate $375 million allocation for a 'Quantum Technology Solutions' foundry.
Latest from Tom's HardwareIBM spins off America's first quantum chip foundry with $2 billion in federal and private funding — newly-minted 'Anderon' foundry to offer 300mm quantum wafer fab and manufacturing services
IBM announced the creation of Anderon, a standalone company and America's first pure-play quantum chip foundry, backed by a proposed $1 billion CHIPS Act R&D award from the U.S. Department of Commerce and a matching $1 billion cash investment from IBM. Headquartered in Albany, New York, Anderon will operate a 300mm quantum wafer fab and offer its manufacturing services to competing quantum hardware vendors. The deal is part of a broader $2.013 billion federal quantum portfolio split across nine companies, the largest single quantum R&D commitment in U.S. history. IBM aims to build the quantum computing industry's equivalent of TSMC, a neutral third-party manufacturer for superconducting qubit wafers. GlobalFoundries received a separate $375 million allocation for a 'Quantum Technology Solutions' foundry covering multiple qubit architectures.
Latest from Tom's HardwareRigetti (RGTI) Climbs 48% on $100M Government Backing
Rigetti Computing Inc. (NASDAQ:RGTI) saw its stock surge 48% week-on-week after the U.S. Department of Commerce announced $2.013 billion in federal incentives under the CHIPS and Science Act. The funding supports nine companies, including seven quantum computing firms. Rigetti alone will receive up to $100 million to develop next-generation superconducting quantum computing technologies, including miniaturized readout electronics and advanced cryostat architectures. CEO Subodh Kulkarni stated the investment will accelerate quantum computing commercialization and bolster U.S. leadership in the field. The article also notes other stocks like INFQ, IBM, and GFS saw gains, and promotes a report on undervalued AI stocks.
Yahoo FinanceD-Wave (QBTS) Spikes Up 44% on US Government Backing
D-Wave Quantum Inc. (NYSE:QBTS) saw its share price surge 44.5% week-on-week after securing $100 million in financial backing from the US government. The US Department of Commerce announced a $2 billion investment in nine companies to support US leadership in quantum computing. D-Wave received $100 million in exchange for shares, making the DOC an investor. The funds will accelerate development of annealing and gate-model quantum systems, including at new R&D facilities in Boca Raton, Florida; New Haven, Connecticut; and Burnaby, Canada. CEO Alan Baratz called it a transformative moment for D-Wave, quantum computing, and the United States. Other companies receiving funding include Atom Computing, Diraq, Infleqtion, PsiQuantum, Quantinuum, Rigetti Computing, IBM, and GlobalFoundries.
Yahoo FinanceInfleqtion (INFQ) Climbs 31.4% on US Govt Backing
Infleqtion Inc. (NYSE:INFQ) saw its stock surge 31.4% week-on-week after being selected by the US Department of Commerce to receive $100 million in government incentives. The funding is part of a $2.013 billion program aimed at developing large-scale neutral-atom-based quantum computers and architectures, including high-powered optical systems, novel readout, and error correction systems. Infleqtion was one of nine firms chosen, alongside Rigetti, D-Wave, Atom, Diraq, PsiQuantum, and Quantinuum. Chip manufacturers GlobalFoundries and IBM also received incentives, with IBM receiving the largest share at $1 billion and GlobalFoundries $375 million. CEO Matt Kinsella stated the investment reflects the transformative potential of quantum innovation for economic competitiveness, technological leadership, and national security.
Yahoo FinanceIBM Gets $1 Billion U.S. Government Investment for First Quantum Foundry, Validating Analyst's 'Sleeping Giant' Call
The U.S. Department of Commerce, through the CHIPS and Science Act, has signed a Letter of Intent to award IBM $1 billion to establish America's first standalone quantum foundry in Albany, New York. IBM will match this with its own $1 billion investment. The award is part of a broader $2 billion federal push into quantum technology, which also includes $375 million for GlobalFoundries and $100 million for smaller firms like D-Wave and Rigetti. Commerce Secretary Howard Lutnick hailed the move as leading a new era of American innovation. Wedbush analyst Dan Ives, who previously called IBM a 'sleeping giant' with massive upside, sees this as validation of his thesis amid a U.S.-China tech arms race. Despite the positive news, IBM shares have declined 14.6% year-to-date, underperforming the S&P 500's 8.56% gain.
Yahoo FinanceRigetti Computing Soars 19.9% on $100 Million US Government Funding
Rigetti Computing Inc. (NASDAQ:RGTI) shares surged 19.87% on Friday, closing at $26.42, marking a third consecutive day of gains. The rally followed the US Department of Commerce's announcement of $2.013 billion in federal incentives under the CHIPS and Science Act to support nine companies, including seven quantum computing firms and two chipmakers. Rigetti will receive up to $100 million to develop next-generation superconducting quantum computing technologies, focusing on miniaturizing readout electronics and advancing cryostat architectures. CEO Subodh Kulkarni stated the investment will accelerate quantum computing commercialization and bolster US leadership in the field. Other beneficiaries include D-Wave, Atom, Diraq, Infleqtion, PsiQuantum, Quantinuum, IBM, and GlobalFoundries.
Yahoo FinanceD-Wave Quantum (QBTS) Surges 14.2% on $100 Million U.S. Government Investment
D-Wave Quantum Inc. (NYSE: QBTS) shares surged 14.22% on Friday, May 23, 2026, closing at $29.40, extending a three-day winning streak. The rally followed a U.S. Department of Commerce announcement that it awarded over $2 billion in funding to nine companies to accelerate U.S. leadership in quantum computing. D-Wave secured $100 million in exchange for shares, making the DOC an investor. The funds will support development of annealing and gate-model quantum systems at its R&D facilities in Boca Raton, Florida; New Haven, Connecticut; and Burnaby, Canada. CEO Alan Baratz called the investment a transformative moment for D-Wave and U.S. quantum computing. Other recipients include Atom Computing, Diraq, Infleqtion, PsiQuantum, Quantinuum, Rigetti Computing, IBM, and GlobalFoundries.
Yahoo FinanceU.S. Quantum Bet Puts Hardware First, But Utility Remains the Test
The U.S. Department of Commerce announced letters of intent for $2.013 billion in CHIPS and Science Act incentives for nine quantum computing companies, including IBM, GlobalFoundries, D-Wave, Rigetti, and PsiQuantum. The funding targets quantum foundries and hardware across multiple modalities, signaling an industrial-policy approach to build domestic quantum manufacturing capacity. IBM will receive a proposed $1 billion award to establish Anderon, America's first purpose-built quantum foundry in Albany, New York. The article notes that while the investment accelerates hardware development, the harder challenge remains turning qubits and architectures into practical, value-generating applications.
EE TimesIonQ Stock Surges on U.S. Government's $2 Billion Quantum Computing Investment Plan
IonQ shares spiked over 12% on May 21, 2026, after the Trump administration announced plans to invest more than $2 billion in quantum computing companies under the CHIPS and Science Act. The Department of Commerce issued letters of intent to distribute $2.013 billion to nine companies, including IBM ($1 billion for a quantum foundry), GlobalFoundries ($375 million), and seven others (D-Wave, Rigetti, Quantinuum, PsiQuantum, Atom Computing, Infleqtion, Diraq) each eligible for up to $100 million. Although IonQ was not among the direct recipients, its stock rallied alongside peers as investors viewed the move as a signal that quantum computing is a national priority. IonQ reported $130 million in 2025 revenue, forecast $270 million for 2026, and analysts project revenue exceeding $1.4 billion by 2030. CFO Inder Singh highlighted $470 million in remaining performance obligations as strong forward visibility.
Yahoo FinanceU.S. Injects $2 Billion into Quantum Computing Companies
The U.S. government, under the Trump administration, is distributing $2 billion in federal grants to nine quantum computing companies, marking a major industrial policy move. The funds, provided through the 2022 CHIPS and Science Act and overseen by the Commerce Department, include direct minority equity stakes for American taxpayers. IBM will receive the largest share at $1 billion, while GlobalFoundries gets $375 million. Six other firms—D-Wave Quantum, Rigetti Computing, Infleqtion, Atom Computing, PsiQuantum, and Quantinuum—each receive $100 million, with startup Diraq potentially getting up to $38 million. Financial markets reacted positively, with IBM and GlobalFoundries shares rising over 12% and D-Wave shares jumping more than 35%. The investment signals quantum computing's transition from experimental research to a strategic domain for national security and economic competitiveness.
EE TimesIBM wins biggest slice of $2bn US gov investment in domestic quantum firms
The US Department of Commerce is allocating just over $2 billion to US quantum computing firms, with IBM receiving the largest share of $1 billion to establish a new quantum foundry subsidiary for quantum-grade superconducting wafers. GlobalFoundries will receive $375 million to create a secure domestic quantum foundry supporting multiple architectures. Seven other companies—Atom Computing, Diraq, D-Wave, Infleqtion, PsiQuantum, Quantinuum, and Rigetti—will receive between $38 million and $100 million each. The investment aims to strengthen US national security, technological resilience, and strategic leadership in quantum technology. The Department of Commerce will take minority, non-controlling equity stakes in each company. This follows a £2 billion UK investment in quantum technologies. McKinsey projects quantum computing revenue could reach $72 billion by 2035, with the broader quantum sector generating up to $97 billion.
Latest from ITProInfleqtion (INFQ) Soars 31% After Receiving US Government Quantum Computing Backing
Infleqtion Inc. (NYSE: INFQ) saw its stock surge 31.48% on May 21, 2026, closing at $14.70, after being named a beneficiary of the US government's $2 billion quantum computing and chips support program. The Department of Commerce announced funding for nine companies to advance quantum computing for economic competitiveness and national security. Infleqtion alone will receive $100 million to develop large-scale neutral-atom-based quantum computers, including optical systems, readout, and error correction technologies. Other recipients include Rigetti, D-Wave, Atom, Diraq, PsiQuantum, Quantinuum, GlobalFoundries ($375 million), and IBM ($1 billion). CEO Matt Kinsella highlighted the transformative potential of quantum innovation and the company's role in accelerating US leadership in the field.
Yahoo FinanceRigetti Computing Soars 30% on $100M US Government Backing for Quantum Computing
Rigetti Computing Inc. (NASDAQ:RGTI) saw its stock surge 30.57% on Thursday, closing at $22.04 per share, after the U.S. Department of Commerce announced $2.013 billion in federal incentives under the CHIPS and Science Act. The funding supports seven quantum computing companies and two domestic foundries to accelerate quantum computer development. Rigetti will receive up to $100 million to address key technical challenges in superconducting quantum computing, including miniaturizing readout electronics and developing next-generation cryostat architectures. Other recipients include D-Wave, Atom, Diraq, Infleqtion, PsiQuantum, Quantinuum, IBM ($1 billion), and GlobalFoundries ($375 million). Rigetti CEO Subodh Kulkarni expressed honor at partnering with the U.S. government to accelerate quantum computing commercialization and bolster American leadership in the field.
Yahoo FinanceQuantum Computing (QUBT) Soars 19% on US Govt Quantum Backing
Quantum Computing Inc. (NASDAQ:QUBT) shares surged 19.35% to $11.41 on May 21, 2026, marking a second day of gains after the US government announced over $2 billion in federal incentives under the CHIPS and Science Act to support quantum computing development. The Department of Commerce is distributing funds to nine companies, with IBM receiving the largest share ($1 billion) and GlobalFoundries getting $375 million. Although QUBT was not a direct beneficiary, the initiative boosted optimism across the quantum sector. Separately, QUBT reported a Q1 net loss of $4.05 million, reversing a $16.98 million net income from the same period last year, while revenues surged 9,364% to $3.69 million.
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