Trump Admin Takes Equity Stake in IBM and Other Quantum Computing Companies
May 21st, 2026Via: Gizmodo:
After taking equity stakes in chipmakers and rare-earth element miners, the Trump administration has a new industry on its radar: quantum computing.
On Thursday, the Department of Commerce announced that it was investing more than $2 billion in nine quantum computing companies. In turn, it’ll receive “a minority, non-controlling equity stake” in each.
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The Department of Commerce said in a press release on Thursday that the decision was spurred by quantum computing’s potential for breakthroughs in advanced materials, biopharmaceutical discovery, financial modeling, and energy systems, and for its “significant implications for national defense.”
“A strong domestic quantum ecosystem is essential for U.S. national security, technological resilience and long-term strategic leadership,” the Department wrote in the press release.
Half of the Administration’s $2 billion investment is going to tech giant IBM to build an American quantum chip foundry. To helm the research and development efforts, IBM said it will form a new subsidiary called Anderon that will be headquartered in Albany, New York.
The next-largest recipient is semiconductor giant GlobalFoundries, which will receive $375 million to establish a domestic quantum chip foundry of its own.
More: Beneficiaries include startup backed by firm with links to the Trump family
