US Awards $2 Billion to Quantum Computing Companies with Equity Stakes
The Trump administration announced $2 billion in incentives to nine quantum computing companies with government equity stakes. IBM plans to build Anderon, America's first purpose-built quantum chip foundry, leveraging decades of quantum leadership.
Historic Quantum Investment
The Department of Commerce's CHIPS R&D Office announced Letters of Intent with 9 quantum companies for $2 billion in incentives. The U.S. will award up to $2 billion to selected quantum computing companies while taking equity stakes.
IBM's Quantum Foundry
IBM today announced plans for Anderon, America's first purpose-built quantum chip foundry. Leveraging IBM's decades-long quantum leadership and strengths in wafer fabrication, the initiative will accelerate American quantum innovation and enable advanced quantum wafer production for a broad range of companies.
Strategic Significance
Bill Frauenhofer noted that today marks a significant milestone for American innovation. The Department of Commerce's CHIPS R&D Office announced Letters of Intent with 9 quantum companies for $2 billion in incentives. Jerry M. Chow stated that quantum computing will not scale just on research breakthroughs alone. We also need the manufacturing capability to build these technologies reliably, at volume.