IBM commits more than $10B to quantum computing

IBM

IBM announced a $10+ billion investment in quantum computing over five years, covering R&D, capital spending, manufacturing, partnerships and acquisitions. The plan includes Anderon, a quantum wafer foundry receiving $1 billion in cash.

• $10+ billion commitment over five years
• Covers R&D, capital, manufacturing, partnerships and M&A
• $1 billion directed to Anderon pure-play quantum wafer foundry
• Target: world's first fault-tolerant quantum computers