By Quirino Mealha
Publication Date: 2026-05-22 10:28:00
IBM shares climbed sharply on Thursday after the Trump administration unveiled a more than $2 billion (€1.7bn) federal investment programme targeting quantum computing companies, a move that triggered a broader rally across the sector.
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The funding package, part of the CHIPS Act initiative, focused on quantum computing and domestic manufacturing, will distribute $1 billion (€861mn) to IBM to build a foundry for producing quantum computing chips. This comes as part of a broader strategy to bolster US leadership in the quantum industry.
The other half of the federal incentive will be awarded to eight other quantum companies, including GlobalFoundries, which received $375 million (€322mn). Most of the remaining companies were tied to proposed awards of about $100 million (€86mn) each, including D-Wave Quantum, Rigetti…