By Stephen Guilfoyle
Publication Date: 2026-05-22 16:15:00
The news broke on Thursday morning. I touched on it in the morning’s “Market Recon” column. The Trump administration’s Department of Commerce has signed nine letters of intent to provide more than $2 billion in federal incentives to fund the buildout of a domestic quantum computing supply chain.
The funding is to be generated under the CHIPS and Science Act of 2022. International Business Machines, commonly known as tech giant IBM (IBM), appears to be a key driver of quantum technology and indeed is recognized as a likely big winner here by the Commerce Department.
According to The Wall Street Journal’s Amrith Ramkumar and Heather Somerville, the department has agreed to dish out $1 billion or almost half of the entire package, to IBM. In turn, IBM will launch “Anderon” which is to be a standalone quantum chip manufacturing company with another $1 billion invested by IBM itself.
IBM described Anderon as America’s first pure-play quantum foundry. Separately, but part…
