By Stephen Guilfoyle
Publication Date: 2026-05-22 11:57:00
Just wow! Did quantum computing stocks ever take off on Thursday? To repeat. Just wow! On Thursday morning, it was learned that the Trump administration’s Department of Commerce has signed nine letters of intent to provide more than $2 billion in federal incentives to build a domestic quantum computing supply chain. The funding will be generated under the CHIPS and Science Act. International Business Machines, or IBM, (IBM) appears, as we have mentioned often in this column, to be a key driver of quantum technology and a big winner here under the government’s plans.
According to the Wall Street Journal, the Commerce Department has agreed to send $1 billion, or almost half of the entire package, to IBM. In turn, IBM will launch “Alderon,” which will be a standalone quantum chip manufacturing company with another $1 billion tossed in by IBM itself. IBM describes Alderon as America’s first pure-play quantum foundry. Speaking of foundries, GlobalFoundries (GFS) announced…