IBM to invest over $10 billion in quantum computing, eyes breakthrough system by 2029

The technology giant plans major investments in research, manufacturing and ecosystem development as it targets the launch of a large-scale fault-tolerant quantum computer by 2029 amid intensifying global competition.

IBM has unveiled plans to invest more than $10 billion in quantum computing over the next five years, underscoring its ambition to accelerate the development of next-generation computing systems and strengthen its leadership in the emerging field. The company said the investment will support its goal of building a large-scale quantum computer capable of performing complex calculations with high reliability and minimal errors by 2029.

The announcement comes at a time when governments and technology companies worldwide are increasing their focus on quantum computing, a technology widely viewed as having the potential to transform industries ranging from healthcare and materials science to finance and cybersecurity. While quantum systems promise unprecedented computational capabilities, significant technical challenges, particularly around error correction and system stability, continue to slow their commercial deployment.

Expanding research and manufacturing capabilities

IBM said the planned investment will cover a broad range of initiatives, including research and development, infrastructure expansion, manufacturing scale-up, strategic partnerships, and potential acquisitions. A key component of the strategy is the company’s participation in Anderon, a newly established venture that aims to create the first dedicated quantum chip manufacturing facility in the United States.

The company will contribute $1 billion to the venture and provide technology, intellectual property, assets, and workforce support to help accelerate its growth. Anderon is also expected to offer chip manufacturing services to external customers, with discussions already underway with potential partners.

The development follows recent efforts by the U.S. government to strengthen domestic capabilities in advanced technologies, including quantum computing, amid growing international competition.

Building a broader quantum ecosystem

IBM highlighted the progress it has already made in the sector, stating that it has deployed more than 90 quantum systems globally. According to the company, its quantum infrastructure is currently used by over 325 organizations, including large enterprises, startups, academic institutions, and government agencies.

These users are applying quantum technologies to address complex scientific and industrial challenges in areas such as chemistry, biology, materials science, and optimization. By combining large-scale investment with manufacturing expansion and ecosystem development, IBM is positioning itself to play a central role in the commercialization of quantum computing as the technology moves closer to practical, real-world applications.