# IBM will receive $1 billion, while GlobalFoundries is set to receive $375 million.

*semiconductor · news · 2026-05-21 · Times of India*

## Key points

- The US is acquiring equity stakes in quantum firms like IBM in exchange for grant funding.
- IBM will receive $1 billion and create Anderon, the nation's first dedicated quantum chip manufacturing facility.
- GlobalFoundries launched Quantum Technology Solutions and will give the US government about a 1% equity stake.
- Nine quantum computing companies are receiving a combined $2 billion in grants under the latest administration program.
- Shares of companies participating in the program surged 7-25% in premarket trading following the announcement.

**Companies:** IBM, Intel, GlobalFoundries, D-Wave Quantum, Rigetti Computing, Infleqtion
**Countries:** United States

[Read the full story on Times of India](https://timesofindia.indiatimes.com/business/international-business/us-big-quantum-technology-bet-trump-administration-backs-firms-with-funding-and-equity/articleshow/131247089.cms)

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