# IBM will also invest $1 billion into a new company, called Anderon, which will produce the processors.

*semiconductor · news · 2026-05-21 · Livemint*

## Key points

- The US is awarding IBM $1 billion to build a quantum chip foundry as part of a $2 billion package.
- IBM will invest $1 billion to create a new company, Anderon, for quantum processor production.
- The US government will take minority, noncontrolling equity stakes in award recipient companies.
- GlobalFoundries will receive $375 million, while several other quantum firms will get up to $100 million each.
- $7.4 billion of prior Chips Act nonprofit funding was redirected to investments expected to yield US returns.

**Companies:** International Business Machines Corp., Microsoft Corp., Alphabet Inc., GlobalFoundries Inc., D-Wave Quantum Inc., Rigetti Computing Inc., Infleqtion Inc., Atom Computing Inc., Quantinuum
**Countries:** United States

[Read the full story on Livemint](https://www.livemint.com/companies/ibm-shares-soar-on-us-funding-for-2-billion-quantum-push-11779389011957.html)

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