Trump Admin Awards $2 Billion to Nine Quantum Firms Including IBM and Takes Minority Equity Stakes Under CHIPS Act

The Trump administration announced May 21, 2026 a $2 billion Commerce Department investment in nine quantum computing companies, with the federal government taking a minority non-controlling equity stake in each. IBM secured the largest tranche at $1 billion and will build a quantum chip foundry through a new Albany, New York subsidiary called Anderson, adding $1 billion of its own to the facility.

GlobalFoundries received $375 million, while D-Wave, Rigetti Computing and Infleqtion will each get roughly $100 million. Atom Computing, Diraq, PsiQuantum and Quantinuum round out the recipients. The funding comes from the 2022 CHIPS and Science Act and is contingent on final deal completion.

The deal extends a pattern of equity-for-funding arrangements the Commerce Department has used with Intel, MP Materials and Vulcan Elements, framed as national security investments in domestic chip and strategic technology supply chains.