Trump Praises IBM CEO and Government Announces $1B Quantum Award to IBM

Former President Donald Trump praised IBM's CEO Arvind Krishna during a December 2025 White House event. In May 2026, the US Department of Commerce announced a proposed $1 billion CHIPS Act award for IBM to build America’s first quantum chip foundry in Albany, New York. The stock rose about 12% following the announcement.

By Rudro Chakrabarti Sun, May 31, 2026 at 10:10 PM GMT+3 4 min read · Yahoo Finance · May 31, 2026, 19:10 UTC

Tickers: $GFS $IBM

Topics: CHIPS Act funding government contracts IBM stock movement quantum computing

Read the full article at Yahoo Finance

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