IBM to establish quantum foundry with $1 billion CHIPS award

Go back to IBM to establish quantum foundry with $1 billion CHIPS award

IBM and U.S. Department of Commerce Announce America's First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award

May 21, 2026 6:46 AM EDT

Powered by IBM's decades-long quantum leadership, initiative will accelerate American quantum innovation and enable advanced quantum wafer production for a broad range of companies

WASHINGTON and ARMONK, N.Y., May 21, 2026 /PRNewswire/ -- Today, IBM (NYSE:... More