- The Department of Commerce plans to award over $2 billion in federal incentives to 9 companies to support quantum development
- IBM has established a quantum foundry called Anderon
- PsiQuantum said the funding will support the domestic manufacturability of technologies critical to building utility-scale quantum computing
The Department of Commerce has signed letters of intent with nine technology companies to provide over $2 billion in federal incentives under the CHIPS and Science Act to accelerate U.S. quantum computing development.
The department said Wednesday that the funding will support two domestic quantum foundries and seven quantum computing companies working to address key engineering and manufacturing challenges associated with utility-scale, fault-tolerant quantum computing systems.
What Companies Will Receive $9B in Incentives From Commerce Department?
GlobalFoundries and IBM were selected to receive funding supporting domestic quantum manufacturing infrastructure. GlobalFoundries is slated to receive $375 million to establish a secure quantum foundry supporting multiple quantum computing modalities, while IBM is expected to receive $1 billion to establish Anderon, a quantum foundry subsidiary that will build superconducting wafers.
The other companies that will receive incentives are:
- Atom Computing
- Diraq
- D-Wave
- Infleqtion
- PsiQuantum
- Quantinuum
- Rigetti
All awardees will provide the agency with minority, non-controlling equity stakes in exchange for the funding. Atom Computing, D-Wave and Rigetti have been in talks with the government to participate in the federal funding initiative in exchange for equity stakes since late 2025.
The U.S. government made a similar deal with Intel in 2025, under which the government invested $8.9 billion in the company in exchange for a 9.9 percent stake.
What Is IBM’s Anderon?
IBM said Anderon will manufacture quantum wafers for multiple quantum technology vendors. The organization will operate as a standalone entity from its headquarters in Albany, New York.
Anderon will initially support superconducting qubit and electronics wafer fabrication, but plans are in place to expand into additional quantum modalities in the future. IBM added that the foundry will utilize advanced 300-millimeter wafer processes and manufacturing technologies, including superconducting wiring and in-line wafer testing capabilities.
In addition to the $1 billion incentive from the Department of Commerce, IBM plans to invest another $1 billion in Anderon.
“IBM has pioneered quantum computing for decades. Our work in silicon wafer fabrication has been a key to IBM’s success and will be critical to enable a broader quantum technology landscape that will reshape global innovation and economic competitiveness,” Arvind Krishna, chairman and CEO of IBM, stated. “With the support of the U.S. Department of Commerce, Anderon will be well-positioned to fuel America’s fast-growing quantum technology industry.”
How Will PsiQuantum Support US Quantum Leadership?
According to PsiQuantum, the funding will support the domestic manufacturability and performance of technologies critical to utility-scale quantum computing, such as Barium Titanate, or BTO. The company uses BTOs for optical switches, high-temperature single-photon detectors and advanced packaging technologies supporting photonic quantum computing systems.
“PsiQuantum’s world-leading capability in photonics will help write the next chapter in the history of computing,” Victor Peng, interim CEO of PsiQuantum, commented. “Thanks to bold action from Washington, our company will continue to invest in manufacturing these cutting-edge components right here in the United States.”
