The Trump administration announced it will take $2 billion in equity stakes across nine US quantum computing companies, including a new venture from IBM, according to Reuters. The investments will use incentives from the CHIPS and Science Act to support domestic production and strengthen competition with China. The move extends a US industrial policy that funds companies in exchange for equity stakes, following earlier equity investments in Intel and rare earth miner MP Materials.
US$2 Billion Push Aims to Bring Quantum Chip Production to New York
IBM will receive $1 billion to form Anderon, a New York company that will manufacture quantum chips. IBM is matching this with a $1 billion cash contribution, creating a combined $2 billion effort to launch what is planned as the United States' first dedicated quantum chip manufacturing site in New Albany, New York.
Anderson will operate a 300-millimeter quantum wafer foundry—a factory that makes chips on standard large semiconductor wafers. IBM states its qubits, the basic units of quantum computing, are built with advanced 300mm semiconductor fabrication tools.
Contract chipmaker GlobalFoundries will receive $375 million for a US plant producing components for multiple quantum computing systems. According to GlobalFoundries, the grant comes with an equity stake of about 1% in the company.
Quantum computing firms D-Wave, Rigetti Computing, and Infleqtion will each receive approximately $100 million. Australia-founded Diraq will receive up to $38 million for technical work.
Market Response and Investment Framework
The companies' shares rose 6% to 31% following the announcement. The US Commerce Department confirmed the funding allocations.
The government's investment model—providing capital in exchange for equity stakes—extends across multiple strategic sectors. Government backing may provide private investors with increased confidence to assess quantum companies, despite technical hurdles and uncertain paths to revenue.
The spending moves quantum beyond laboratory research into national strategy. The US, China, and Europe now treat the technology as infrastructure, alongside artificial intelligence and semiconductors.
