IBM Secures $1B Quantum Foundry Award, Matches Funds; Stock Jumps 12%
IBM•IBM won a proposed $1 billion CHIPS Act award to build America’s first quantum chip foundry through new subsidiary Anderon, matching the federal award with $1 billion. Shares surged about 12% on May 21 and climbed 13% over the week as IBM outlined $10 billion quantum and $5 billion cybersecurity investments.
1. $1B CHIPS Award for Quantum Foundry
On May 21, IBM and the Department of Commerce proposed a $1 billion award under the CHIPS Act to establish America’s first dedicated quantum chip foundry. The new standalone company, Anderon, will be headquartered in Albany, New York.
2. Matching Funding and Investment Plans
IBM has committed $1 billion in matching funding plus intellectual property and workforce to support the quantum foundry. The company also announced plans to invest $10 billion in quantum computing and $5 billion in Red Hat cybersecurity over the next five years.
3. Stock Reaction and Rally
IBM shares rose approximately 12% on May 21, marking the largest single-day gain since January 2025. The rally extended through May 29, delivering a roughly 13% weekly gain as investors responded to the government award and investment roadmap.
4. Presidential Trading Activity
President Trump’s trust executed eight IBM transactions between February and March 2026, split evenly between purchases and sales in the $1,001 to $50,000 bands. These trades were part of routine portfolio management rather than concentrated bets on the company.
