IBM plans to invest more than $10 billion in quantum computing over the next five years as it seeks to strengthen its leadership in the emerging sector. According to a U.S. government securities filing, the company aims to develop the world’s first large-scale fault-tolerant quantum computer by 2029.
The investment will support research, manufacturing, partnerships, acquisitions and technology development. The announcement follows IBM’s recent agreement with the U.S. Department of Commerce to establish Anderon, a dedicated American quantum chip foundry in Albany, New York.
@IBM Plans $10 Billion Quantum Push as Efforts to Commercialize Quantum Intensifieshttps://t.co/YRPzZSv0gt
— The Quantum Insider (@QuantumDaily) May 29, 2026
According to the report, Anderon will receive a $1 billion government award, matched by IBM with another $1 billion in funding, intellectual property and workforce resources. The initiative is part of a broader federal strategy to accelerate domestic quantum innovation and create high-paying jobs.
Separately, IBM will contribute to Project Lightwell, a $5 billion effort with Red Hat focused on using AI and engineering expertise to strengthen open-source software security worldwide.
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