On May 28, Reuters reported that International Business Machines Corporation (NYSE:IBM) plans to invest more than $10 billion in quantum computing over the next five years as it pursues an ambitious goal: building the first large-scale quantum computer by 2029 that can perform complex calculations reliably and without errors.
The announcement follows a decision by the Trump administration last week to take $2 billion in equity stakes in nine quantum computing companies. As part of that effort, IBM is expected to receive half of the funding for a new venture called Anderon, which is being developed as the first dedicated quantum chip manufacturing facility in the United States.
The initiative reflects the administration’s broader push to strengthen the country’s position in quantum technology and compete more effectively with China. It also highlights the growing attention quantum computing is attracting across the industry.IBM said the planned investment will cover research and development, capital spending, ecosystem partnerships, manufacturing expansion, and mergers and acquisitions.
The company is contributing $1 billion to Anderon. The new venture plans to offer its chipmaking technology to external customers and has already begun discussions with potential clients. IBM has also committed intellectual property, assets, and employees to the venture. As Anderon grows, the company intends to bring in additional investors to support its expansion.
International Business Machines Corporation (NYSE:IBM) provides hybrid cloud, artificial intelligence (AI), and consulting services to customers around the world.
