IBM and the U.S. Department of Commerce plan to establish America’s first purpose-built quantum foundry. The company will receive a proposed $1 billion award under the CHIPS and Science Act to fund the facility. This grant represents the largest portion of federal support allocated under the program.
The initiative aims to strengthen the domestic supply chain for quantum hardware. It will also accelerate innovation within the critical technology sector.
Analysts describe the funding as a major catalyst for IBM’s share price and long-term growth sentiment. The investment signals a strategic shift for the company from legacy businesses toward high-growth opportunities. It also underscores Washington’s focus on quantum technology as a national priority.