IBM announced on May 28 local time that it will invest more than $10 billion in the field of quantum computing over the next five years, covering R&D, capital expenditures, ecosystem collaboration, manufacturing expansion, and mergers and acquisitions. The goal is to build the world’s first large-scale quantum computer capable of stably and error-free execution of complex computational tasks (codename: Quantum Starling) by 2029. Following the announcement, IBM’s share price rose more than 5% in early trading, while quantum computing-related stocks saw gains: Infleqtion rose over 4%, QUBT rose nearly 3%, and IonQ rose 3%.
This announcement follows the quantum strategy introduced by the Trump administration last week—the U.S. Department of Commerce announced it would inject approximately $2 billion into nine quantum computing companies via equity investments. IBM expects to receive about half of these funds to support the establishment of Anderon, the first dedicated quantum chip foundry in the United States, in Albany, New York; IBM will also contribute an additional $1 billion of its own funds to Anderon. According to filings submitted by IBM to the SEC, the company has already deployed over 90 quantum systems, a number that exceeds the sum of all other industry participants combined. More than 325 Fortune 500 companies and government agencies are using its systems to handle complex problems in chemistry, biology, and materials science. However, quantum computing still faces core technical hurdles such as high error rates; Alphabet CEO Sundar Pichai noted last year that truly practical quantum computers might still be 5 to 10 years away.