US Department of Commerce invests $2B in quantum computing to counter Bitcoin threats
The US Department of Commerce has announced a $2 billion investment in quantum computing to enhance national security and counter potential threats to Bitcoin. This funding will be distributed among nine companies, with IBM receiving the largest share to establish a dedicated quantum chip foundry. The investment aims to strengthen the technological foundation necessary for safeguarding cryptographic systems.
- ▪The investment targets nine companies in the quantum computing sector.
- ▪IBM will receive $1 billion to build the first dedicated quantum chip foundry in Albany, New York.
- ▪GlobalFoundries will receive $375 million as part of the funding distribution.
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US Department of Commerce invests $2B in quantum computing to counter Bitcoin threats The largest direct federal quantum investment targets nine companies, with IBM snagging half the pot to build America's first dedicated quantum chip foundry. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The US Department of Commerce just wrote a $2 billion check to the quantum computing…
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