IBM received multiple funding awards from the Department of Commerce for its quantum foundry subsidiary and specific engineering projects.

The entities involved

• IBM →

  American multinational technology corporation

  • Royal Bank of Canada reaffirmed an outperform rating.Mon 07:34
  • MarketBeat lists several companies, including Nokia, IBM, Astera Labs, Marvell Technology, and Vertiv, as infrastructure stocks to watch today.Mon 01:04
• Department of Commerce →

  former department of the Government of Western Australia

  • The Department of Commerce issued an export control directive for Anthropic following concerns raised to the White House.Mon 00:42
  • OpenAI and Anthropic called for AI standards and oversight as the Trump administration imposed export controls and the Department of Commerce requested comment.Thu 22:40
• GlobalFoundries →

  multinational semiconductor company

  • Ecolab provides advanced products for semiconductor manufacturing, involving both Ecolab and GlobalFoundries.Mon 15:20
  • GlobalFoundries is supplying optical modules to US hyperscalers and advancing silicon photonics technology alongside major tech players.Sun 14:33

Related events

• IBM committed over $10 billion to quantum initiatives and is developing the Superion 256 platform with a foundry partnership.Sep 22
• IBM, GlobalFoundries, and the Trump administration announced plans to invest $10 billion in a fault-tolerant quantum computer by 2029.Jun 7
• IBM and Google are leading research and development in quantum computing.Jun 8