U.S. Government Allocates $2.013 Billion in CHIPS Act Incentives to Nine Quantum Computing Companies, Including $1 Billion for IBM Quantum Foundry

July 5, 2026

The Motley Fool USA

Overview

The U.S. Department of Commerce proposed $2.013 billion in incentives under the CHIPS and Science Act to nine companies developing quantum computing technologies, aiming to bolster domestic manufacturing and accelerate the development of utility-scale, fault-tolerant quantum computers. IBM is set to receive $1 billion for a quantum foundry, GlobalFoundries $375 million, and companies like Atom Computing, D-Wave, Infleqtion, PsiQuantum, Quantinuum, Rigetti, and Diraq up to $100 million each. Additionally, President Trump signed an Executive Order on June 22, 2026, directing the development of powerful quantum computers by 2028 and a government-wide transition to post-quantum cryptography.

In Depth

Key Findings

The U.S. Department of Commerce has proposed a total of $2.013 billion in incentives under the CHIPS and Science Act to nine companies developing quantum computing technologies. This massive investment aims to strengthen domestic manufacturing capabilities and accelerate the development of utility-scale, fault-tolerant quantum computers. Under this plan, IBM is allocated $1 billion for establishing a quantum foundry, GlobalFoundries will receive $375 million, while other quantum companies such as Atom Computing, D-Wave, Infleqtion, PsiQuantum, Quantinuum, Rigetti, and Diraq are each set to receive up to $100 million. Furthermore, President Trump signed an Executive Order on June 22, 2026, mandating the construction of powerful quantum computers by 2028 and a government-wide transition to post-quantum cryptography, signaling a robust commitment to advancing U.S. quantum strategy.

Technical / Clinical Details

CHIPS Act funding is being invested across various technological domains within quantum computing. For instance, IBM’s $1 billion will be used to build foundry capabilities for quantum chip manufacturing, packaging, and testing, accelerating advanced quantum hardware production domestically. Investment in GlobalFoundries will facilitate the integration of existing semiconductor manufacturing technologies with quantum devices. Up to $100 million for other quantum companies will support enhancing qubit performance, ensuring scalability, and developing error correction techniques for their respective platforms, such as neutral atoms (Atom Computing, Infleqtion), superconducting circuits (D-Wave, Rigetti), ion traps (Quantinuum), and photonics (PsiQuantum). The Executive Order’s push for post-quantum cryptography will accelerate R&D and implementation of new cryptographic algorithms designed to resist attacks from future quantum computers.

Background & Context

Quantum computing, with its immense computational power, has the potential to revolutionize diverse industrial sectors including drug discovery, materials science, financial modeling, and artificial intelligence. To establish global leadership in this field and ensure economic security and technological sovereignty, the U.S. has adopted a national strategy involving large-scale investments and policy support. The CHIPS and Science Act aims to strengthen the U.S. semiconductor industry and enhance its international competitiveness in advanced technology sectors, with quantum computing being one of its core technologies. The Executive Order demonstrates a strong will to accelerate quantum technology adoption across the government and prioritize the transition to post-quantum cryptography to secure digital infrastructure.

Strategic Significance & Outlook

The U.S. government’s investment exceeding $2 billion and the Presidential Executive Order will dramatically accelerate innovation and industrialization within the quantum computing sector. Funding for both established companies like IBM and GlobalFoundries, as well as emerging players such as Atom Computing, will foster technological diversity and competition. The establishment of domestic quantum foundry capabilities will contribute to supply chain resilience and enhanced security, strengthening U.S. technological independence. The 2028 target for building powerful quantum computers and the government-wide transition to post-quantum cryptography set clear milestones, sending a strong signal to the entire industry. This comprehensive approach is expected to lay the groundwork for the U.S. to lead the economic and social transformation that quantum computing promises, making its trajectory a critical area of observation.

Source: https://www.fool.com/investing/2026/06/25/the-us-government-is-betting-billions-on-quantum-c/

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