IBM Secures $1 Billion U.S. Backing to Build Quantum Chips

IBM secures $1 billion U.S. government funding to build quantum chip manufacturing facility, strengthening domestic supply chain capabilities.

By Narayan Ammachchi

Published May 27, 2026

1 min read

Credit: IBM

IBM Secures $1 Billion U.S. Backing to Build Quantum Chips

Global computing giant IBM has secured a major U.S. government contract to manufacture quantum chips as part of Washington's push to produce a domestic supply chain for next-generation quantum technologies.

Under the agreement, the U.S. government will invest $1 billion in a quantum foundry, with IBM committing a matching amount. The initiative aims to strengthen the United States' quantum manufacturing capabilities and reduce reliance on foreign supply chains.

About the author

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.