Chicago Quantum Exchange corporate partners secure dominant share of historic $2 billion federal quantum funding portfolio

The Department of Commerce today announced the signing of nine letters of intent to provide $2.013 billion in federal incentives under the CHIPS and Science Act. Seven of those agreements are with CQE corporate partners: IBM, Atom Computing, D-Wave, Infleqtion, PsiQuantum, Quantinuum, and Rigetti will receive a combined $1.6 billion of the $2 billion total.

Among the landmark investments, IBM, a core partner of the CQE, is slated to receive $1 billion in planned funding to establish Anderon, America’s first purpose-built, pure-play quantum foundry dedicated to manufacturing advanced superconducting quantum wafers.

“With today’s CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation,” said Secretary of Commerce Howard Lutnick. “These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities.”

This massive influx of federal investment closely aligns with the strategic vision of The Bloch Quantum Tech Hub, a Chicago-based coalition led by the CQE that was designated by the U.S. Economic Development Administration (EDA) to drive regional economic growth through quantum commercialization. Several of the companies receiving funding—IBM, Diraq, Infleqtion, and PsiQuantum—have already laid manufacturing roots in the Midwest through the Illinois Quantum and Microelectronics Park. By directly supporting the manufacturing capabilities of key industrial partners, these Department of Commerce investments supercharge The Bloch’s ongoing mission to deploy quantum technologies across critical sectors like finance, logistics, and energy, ensuring that the Midwest remains the premier destination for quantum manufacturing, job creation, and sustainable corporate adoption.

Read more from our partners: 

IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award

Atom Computing Announces Letter of Intent with U.S. Department of Commerce for $100 Million to Accelerate Path to Fault-Tolerant, Utility-Scale Quantum Computing

D-Wave Quantum and Department of Commerce Sign Letter of Intent for $100 Million in CHIPS and Science Act Funding to Accelerate U.S. Leadership in Quantum Computing

Infleqtion Signs Letter of Intent with the U.S. Department of Commerce for $100 Million to Accelerate U.S. Leadership in Quantum Computing

PsiQuantum Signs $100 Million Letter of Intent with the U.S. Department of Commerce 

Quantinuum Enters into Letter of Intent with the U.S. Department of Commerce for Funding Opportunity to Accelerate U.S. Leadership in Quantum Computing

Rigetti Signs Letter of Intent with U.S. Government for Quantum Computing Research