Key facts
- IBM will invest over $10 billion in quantum computing over five years.
- The investment will cover R&D, capex, manufacturing, partnerships, and M&A.
- IBM aims to deliver the world's first large-scale, fault-tolerant quantum computer by 2029.
- IBM's new subsidiary, Anderon, will be the first pure-play quantum foundry in the US.
- Anderon will be headquartered in Albany, New York, and will manufacture 300mm quantum wafers.
IBM announced a significant investment of over $10 billion in quantum computing, to be deployed over the next five years. This funding will be allocated across research and development, capital expenditures, manufacturing scaling, ecosystem partnerships, and mergers and acquisitions. The company's objective is to accelerate its quantum roadmap, with a target of delivering the world's first large-scale, fault-tolerant quantum computer by 2029. This investment follows a recent agreement where IBM will receive $1 billion from the U.S. Department of Commerce to establish Anderon, a new superconducting quantum foundry subsidiary. Anderon, set to be the first pure-play quantum foundry in the United States, will be headquartered in Albany, New York, and will focus on manufacturing 300mm quantum wafers. IBM Chairman and CEO Arvind Krishna stated that the quantum era has already begun and that this investment will enable the delivery of next-generation quantum hardware, software, and manufacturing capabilities. IBM also plans to expand its quantum campus in Poughkeepsie, New York, with a new 511,000 sq ft facility for manufacturing its Starling quantum systems.