International Business Machines Corp

IBM: XNYS (USA)

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IBM: US Government's Foundry Grant Highlights Leadership in Quantum Computing

Luke Yang

May 21, 2026

IBM announced on May 21 that the company is building a quantum chip foundry, Anderon, in collaboration with the US Department of Commerce. IBM and the US government are each contributing $1 billion to this new joint venture. Shares of IBM were up 8% following the news.

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International Business Machines Corp

IBM: US Government's Foundry Grant Highlights Leadership in Quantum Computing

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