IBM · 10-Q · 2026Q2 · Full report
Quantum Computing Funding Policy
INTERNATIONAL BUSINESS MACHINES CORP · 2026-07-23 · Importance 71 · Surprise 60 · Matches filing data
IBM announced a letter of intent with the U.S. Department of Commerce to build Anderon, a pure-play quantum wafer foundry. The project is supported by $1 billion of CHIPS Act incentives from the Department of Commerce and a separate $1 billion IBM cash contribution. IBM also disclosed plans to invest more than $10 billion in quantum over the next five years. The planned investment covers research and development, capital expenditures, manufacturing scale-up, acquisitions, and ecosystem expansion.
Key facts
- IBM announced a letter of intent with the U.S. Department of Commerce to build Anderon, a pure-play quantum wafer foundry supported by $1 billion in CHIPS Act incentives and a $1 billion cash contribution by IBM. source
- IBM reported it invested more than $10 billion in quantum over the next five years (disclosed plans to invest more than $10 billion). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | probable | — | IBM announced a letter of intent with the U.S. Department of Commerce to build Anderon, a pure-play quantum wafer foundry supported by $1… |
| cash | positive | probable | — | IBM announced a letter of intent with the U.S. Department of Commerce to build Anderon, a pure-play quantum wafer foundry supported by $1… |
| cash | negative | committed | — | IBM reported it invested more than $10 billion in quantum over the next five years (disclosed plans to invest more than $10 billion). |