The United States government will invest $2 billion across nine quantum-computing companies, including a new IBM venture, in a broad effort to strengthen domestic quantum technology manufacturing and maintain a competitive edge against China.
The funding, announced Thursday by the Department of Commerce, will be distributed through the CHIPS and Science Act and includes direct equity stakes in several firms involved in quantum hardware development.
IBM is set to receive $1 billion to establish a new company, Anderon, which the company described as America’s first dedicated quantum chip manufacturing facility.
The venture will be based in New Albany, New York, and IBM said it would contribute an additional $1 billion alongside intellectual property, workforce and assets.
The latest investment reflects growing interest in quantum computing, a technology viewed as capable of solving complex problems beyond the reach of traditional computers.
Applications under development include drug discovery, financial modeling, cryptography, energy systems and defense technologies.
IBM CEO Arvind Krishna said Anderon would also provide chipmaking technology to outside customers and confirmed discussions with potential clients were already underway.
GlobalFoundries will receive $375 million to build a U.S. factory producing components for different quantum systems.
The company said it launched a new business unit focused on scaling manufacturing for quantum hardware and developing control chips capable of operating at ultra-low temperatures.
Smaller firms including D-Wave Quantum, Rigetti Computing and Infleqtion will each receive about $100 million, while Diraq is expected to receive up to $38 million.
The Commerce Department said the investments are intended to strengthen domestic supply chains and advance American leadership in emerging technologies.
Secretary of Commerce Howard Lutnick said the initiative would create high-paying jobs while expanding U.S. quantum capabilities.
Shares in several companies tied to the announcement rose sharply following the disclosure.
Despite rising investor enthusiasm and recent technical breakthroughs, industry leaders acknowledge that major engineering challenges remain, including high error rates and the extreme sensitivity of quantum systems to environmental conditions.
Still, companies involved in the initiative said the federal backing signaled growing confidence in the technology’s commercial future.