IBM Commits $10 Billion to Build Large-Scale Quantum Computer by 2029
Updated
Updated · Reuters · May 28
IBM Commits $10 Billion to Build Large-Scale Quantum Computer by 2029
16 articles · Updated · Reuters · May 28
IBM said it will spend more than $10 billion over five years to build by 2029 what it calls the first large-scale quantum computer that can run complex calculations reliably and without errors.
The investment will cover R&D, capital spending, manufacturing scale-up, partnerships and M&A, as the company tries to overcome quantum computing's biggest obstacle: high error rates that still limit practical use.
IBM is also contributing $1 billion to Anderon, a new U.S. quantum-chip venture that is set to receive about half of the Trump administration's $2 billion equity push into nine quantum companies.
The company said it has deployed more than 90 quantum systems—more than all rivals combined—and counts over 325 Fortune 500 companies, startups, universities and government agencies among users.
The spending plan highlights a broader U.S. push to secure leadership in quantum technology against China, even as industry leaders still see practically useful systems as years away.
Is the U.S. risking billions on the wrong quantum tech by building a dedicated chip foundry so early in the race?
How will the government's role as a venture capitalist in quantum tech reshape American innovation and the global tech race?
With experts split on the timeline, when will quantum computing actually solve today's impossible problems?
IBM’s $10 Billion Quantum Initiative: Scaling Manufacturing, Securing U.S. Leadership, and the 2029 Fault-Tolerance Milestone
Overview
IBM has announced a bold $10 billion investment in quantum computing, aiming to lead the global quantum race by delivering the world’s first large-scale, fault-tolerant quantum computer by 2029. This initiative, unfolding between 2026 and 2031, focuses on moving quantum technology from experimental stages to real-world applications and securing IBM’s role in future technological leadership. The investment covers research and development, manufacturing expansion, ecosystem partnerships, and capital expenditures, with a key highlight being the creation of the Anderon quantum chip foundry in Albany, New York, to address manufacturing bottlenecks and accelerate commercialization.