The Trump administration will take $2 billion in equity stakes across nine quantum computing companies, according to a Reuters report. This includes a new IBM venture. This is part of efforts to shore up the domestic supply chain and counter China in crucial sectors.
On Thursday, the U.S. Department of Commerce said that IBM would receive $1 billion to set up a new company dedicated to manufacturing chips for quantum computers. Contract chipmaker GlobalFoundries would get $375 million to build a domestic factory capable of producing components for several different types of quantum machines.
D-Wave, Rigetti Computing, and Infleqtion are to get $100 million, while Diraq will receive up to $38 million to solve key technical hurdles that have held back the development of more powerful quantum computers, according to the Commerce Department.
READ: IBM, ServiceNow and other software stocks suffer amid AI-driven disruption (April 23, 2026)
Two of the recipients, D-Wave and PsiQuantum also have ties to the administration. Emil Michael, the Pentagon’s top technology official, took D-Wave public in 2022 through a blank-check firm he was heading at the time. PsiQuantum, on the other hand, raised $1 billion from investors including Nvidia’s venture capital arm and Donald Trump Jr.-backed 1789 Capital.
The funding will come from incentives under the CHIPS and Science Act, which was signed by former President Joe Biden.
Shortly after the reports of the move were published, IBM confirmed that it would work with the U.S. government to develop America’s first purpose-built quantum foundry, supported by the proposed $1 billion award. The company said the initiative will “accelerate American quantum innovation and enable advanced quantum wafer production for a broad range of companies.”
The company said that the incentive from the Commerce Department will support the research and development efforts of a new IBM company called Anderon, to which IBM will contribute a $1 billion investment to match the government grant.
READ: IBM layoff spark offshoring claims after Oracle cuts in US, ‘not just H-1B, OPT’ (April 3, 2026)
“Headquartered in Albany, New York as a standalone company, Anderon will operate as a state-of-the-art 300-millimeter quantum wafer foundry,” IBM said in a news release. “It will help the nation solidify its leadership at the center of a thriving new quantum industry that is estimated to generate up to $850 billion in economic value by 2040 and spur American economic growth while also bolstering national security.”
GlobalFoundries said it has launched a new business called Quantum Technology Solutions focused on scaling manufacturing for quantum-computing hardware, while the U.S. government agreed to take an equity stake of about 1% in the company.
Matthew Kinsella, CEO of Infleqtion, told Reuters that the investments underscored the technology’s growing potential.
“The government has proven to not fund thus far technologies they would deem as speculative, and I believe that this investment really does further validate that quantum computing is coming much faster than anybody thinks,” Kinsella said.