IBM shares surged more than 11% as the Trump administration announced a $2 billion quantum computing support plan.

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The Trump administration announced an injection of over $2 billion in federal funding into the field of quantum computing. IBM was granted $1 billion in government funding to build a quantum chip foundry, sending related stocks soaring across the board.

On Thursday, IBM's stock price surged more than 11% intraday, marking its biggest single-day gain in over a year. IBM also announced it will invest $1 billion of its own funds to establish a new company called Anderon, dedicated to the manufacturing of quantum processors.

The U.S. Department of Commerce is granting funding to more than six companies, with funds sourced from the R&D special fund under the 2022 CHIPS and Science Act. The government will receive a minority non-controlling equity stake in each funded company as a reciprocal return for the grant.

This round of funding support incorporates quantum computing into the U.S. national semiconductor strategy system and further consolidates America's technological leadership in this emerging field.

Multiple Quantum Companies Receive Support, Stocks Broadly Rise

Aside from IBM, semiconductor company GlobalFoundries Inc. was approved for $375 million, with its stock price rising as much as 14% intraday.

D-Wave Quantum Inc., Rigetti Computing Inc., Infleqtion Inc., and PsiQuantum all stated they have respectively signed letters of intent with the U.S. Department of Commerce, each receiving up to $100 million in funding support.

D-Wave's shares surged 29% on the day, Rigetti rose 28%, and Infleqtion soared 44%. In addition, Atom Computing Inc. and Quantinuum each received $100 million, while startup Diraq received $38 million.

The above agreements have yet to be finalized. In a statement on Thursday, the Commerce Department said that the government will participate in each funded company via a minority non-controlling equity stake in exchange for the corresponding grant.

Funding Sources and Policy Background

This quantum computing funding totals about $2 billion, sourced from a special R&D fund under the CHIPS and Science Act, which has already received an $11 billion allocation. The Act, signed by former President Biden, aims to promote the overall development of the U.S. semiconductor industry, with a total scale of $52 billion.

Last year, Commerce Secretary Howard Lutnick revoked a previously allocated $7.4 billion grant to a nonprofit and redirected part of the funds to equity investment projects that can generate returns for the government.

This expansion into quantum computing is part of his systematic adjustment of the 2022 CHIPS and Science Act.

Quantum Computing Moves to the Strategic Competitive Frontier

Quantum computing leverages the physical laws of subatomic particles to process and transmit information, and in theory can perform calculations far beyond traditional computers. Researchers believe this technology has broad application prospects in fields such as new drug development, financial analysis, and encryption standards.

However, quantum computing is still primarily used for research purposes, and large-scale commercial deployment is still some distance away. Yet, its potential capabilities have raised national security concerns—once it becomes practical, it may threaten the existing encryption systems that protect bank and government data. Tech giants like Microsoft and Google are also actively investing in this field.

Governments around the world are racing to provide financing support for quantum computing, highlighting the strategic significance of this technology in major power tech competition. This large-scale injection by the U.S. government is part of its comprehensive strategy to strengthen the leading position of the domestic quantum industry.

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