The investment decision follows last week’s agreement between IBM and the US department of commerce to build an American quantum chip foundry named Anderon.
Computing giant IBM is to invest more than $10bn in the quantum field over the next five years, according to a US government securities filing by the company.
IBM’s goal is “to advance our leadership position in quantum” – including in research and development, capital expenditure, ecosystem partnerships, manufacturing scaling, and mergers and acquisitions – towards delivering “the first large-scale fault-tolerant quantum computer by 2029”, it said in the submission.
The investment decision follows last week’s agreement between IBM and the US department of commerce to build an American quantum chip foundry named Anderon as one part of a $2bn government strategy to accelerate American quantum innovation.
IBM said it has already deployed more than 90 quantum systems to date in partnership with 325 companies, start-ups, universities and government agencies to “tackle scientific challenges across chemistry, biology, materials science and more”.
