By Rudro Chakrabarti
Publication Date: 2026-05-31 19:10:00
At a White House business roundtable on Dec. 10, 2025, President Donald Trump singled out IBM (NYSE:IBM) chief executive Arvind Krishna, who was in the room. He called Krishna “a legend” and credited him with taking the company’s stock “from a rather low price to a very nice price,” then added: “I won’t say high because I’m sure you’re going to say it’s going to go up a lot more, right?” (1)
The clip resurfaced and spread widely in late May 2026, often stripped of that context and framed as breaking news. The reason: a newly announced IBM partnership with the government.
@placment()
IBM’s $1 billion government quantum award
On May 21, 2026, IBM and the US Department of Commerce announced a proposed $1 billion CHIPS Act award to build America’s first purpose-built quantum chip foundry — a new standalone IBM company called Anderon, headquartered in Albany, New York. (2)
The federal money is a proposed incentive, not cash already in hand, and IBM is matching it…
