IBM and U.S. Department of Commerce Announce Proposed $1 Billion CHIPS Award to Fund Purpose-Built Quantum Foundry
Insider Brief PRESS RELEASE — Today, IBM (NYSE: IBM) and the U.S. Department of Commerce (DoC) announced a Letter of Intent (LOI) to build an American quantum chip foundry, securing the nation’s global quantum leadership and fueling the country’s growing quantum ecosystem. The CHIPS incentive from the DoC will support the research and development efforts of […]
The U.S. is proactively investing in quantum technology under the CHIPS Act to establish domestic leadership and reduce reliance on foreign supply chains amid increasing geopolitical competition.
This initiative signifies a substantial national commitment to building a domestic quantum computing ecosystem, directly impacting future economic competitiveness and national security.
The creation of a purpose-built quantum chip foundry backed by significant government funding shifts the quantum technology landscape towards enhanced national self-sufficiency and accelerated innovation.
- · IBM
- · U.S. Department of Commerce
- · U.S. quantum research sector
- · Domestic quantum supply chain companies
- · Foreign quantum chip manufacturers relying on U.S. market access
- · Nations without comparable domestic quantum foundry initiatives
The establishment of a U.S.-based quantum foundry accelerates the development and commercialization of quantum chips.
This domestic production capability reduces geopolitical supply chain risks and fosters a more resilient national quantum ecosystem.
Increased domestic quantum chip availability could lead to a 'quantum race' among nations, stimulating global investment and innovation in quantum technologies.
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Read at The Quantum Insider