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US Government to Invest $2 Billion in Nine Quantum Technology Firms; IBM to Establish New Company

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US Government to Invest $2 Billion in Nine Quantum Technology Firms; IBM to Establish New Company

The US Department of Commerce reached a basic agreement to invest a total of $2 billion in nine quantum technology companies, including IBM, under the CHIPS Act. This is the largest-ever direct equity investment by the government. IBM will also establish a new dedicated foundry company, "Anderon."

May 22, 2026

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