Insider Brief
IBM plans to invest more than $10 billion in quantum computing over the next five years as it targets delivery of a large-scale fault-tolerant quantum computer by 2029.
According to IBM’s SEC disclosure, the company has deployed more than 90 quantum systems globally and built a quantum ecosystem involving more than 325 Fortune 500 companies, startups, universities and government agencies.
The investment announcement follows a Letter of Intent between IBM and the U.S. Department of Commerce to establish Anderon, a standalone American quantum chip foundry backed by CHIPS Act incentives and additional IBM funding.
Fresh off news that the government is investing big bucks in IBM’s quantum tech, the company reports it is deepening its bet on quantum computing with plans to invest more than $10 billion over the next five years, according to a SEC disclosure.
