International Business Machines Corp. (IBM) sign on the floor of the New York Stock Exchange (NYSE) on Monday, December 8, 2025 in New York, USA.
Michael Nagle | Bloomberg | Getty Images
Quantum computing stocks soared Thursday after the U.S. government announced it would give $2 billion in subsidies to nine companies operating in the field.
The National Institute of Standards and Technology announced the signing of the letter of intent in a release, saying it will acquire a minority non-controlling stake in both companies.
The Wall Street Journal first reported on the deal.
The biggest beneficiary of the package is IBM, with the U.S. Department of Commerce agreeing to donate $1 billion to the company.
shares of IBM The stock was trading about 7% higher.
The company is pioneering the movement to build supercomputers using quantum technology, which developers say can solve complex problems that existing computers cannot handle.
chip manufacturer global foundries Receives $375 million along with other grant recipients D Wave Quantum, righetti computing and inflection It is expected that $100 million will be awarded. Startup Diraq will reportedly receive a $38 million grant.
Shares of D-Wave and Rigetti soared 25%, and Infleqtion soared about 30%.
Other quantum companies not participating in the announcement also jumped on the news. Archit While growing rapidly by 30%, ion Q 12% pop; quantum computing Increased by 17%.
Quantum stock movement
The deal still needs to be formally completed. Funding will reportedly come from the Chips and Science Act of 2022.
CNBC has reached out to the U.S. Department of Commerce for comment.
Shortly after the WSJ published its report, IBM confirmed it would work with the US government to develop the country’s first dedicated quantum foundry, with the support of a proposed $1 billion grant. The company said the initiative will “accelerate quantum innovation in the United States and enable advanced quantum wafer production for a wide range of companies.”
IBM said the Commerce Department incentive will support the research and development efforts of its new company, called Anderon, and that IBM will match the government grant by $1 billion.
“As an independent company and headquartered in Albany, New York, Anderon will operate as a state-of-the-art 300mm quantum wafer foundry,” IBM said in a news release. “This will help the nation solidify its leadership at the center of a thriving new quantum industry estimated to generate up to $850 billion in economic value by 2040, fostering U.S. economic growth while strengthening national security.”
