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IBM CEO: Quantum Computing Could Boost Revenue by 2028 or 2029
IBM Chief Executive Officer Arvind Krishna said quantum computing is moving beyond the research phase and could start contributing to the company’s revenue and profit by 2028 or 2029. In an interview reported by CoinDesk, Krishna described the technology as nearing a commercial breakthrough, with the potential to create $1 trillion in economic value by the late 2030s.
Quantum Computing’s Path to Commercialization
Krishna’s remarks signal a shift in how IBM views quantum computing—from a purely experimental field to a viable business opportunity. He said the technology could deliver performance far beyond that of conventional computers at a lower cost, making it attractive for industries such as pharmaceuticals, logistics, and finance.
IBM has been a major player in quantum research for years, with its Quantum System One and Quantum System Two platforms already deployed at select client sites. However, revenue generation has remained limited as the technology is still in early stages of adoption.
IBM’s $2 Billion Investment in Quantum Chip Foundry
In May, IBM announced plans to invest a combined $2 billion with the U.S. government to build a standalone quantum chip foundry. The facility would focus on manufacturing advanced quantum processors, a critical step toward scaling the technology for commercial use.
The investment underscores a broader push by the U.S. to maintain leadership in quantum computing, which is seen as a strategic technology for national security and economic competitiveness. Other countries, including China and the European Union, are also investing heavily in quantum research.
What This Means for the Industry
If IBM meets its timeline, quantum computing could become a meaningful revenue stream for the company within the next few years. Analysts note that the technology is still facing significant challenges, including error correction and scalability, but progress has been steady.
For businesses, the potential impact is substantial. Quantum computers could solve complex problems that are currently intractable for classical machines, from optimizing supply chains to discovering new materials. Krishna’s prediction of $1 trillion in economic value suggests that the technology’s impact could be comparable to the rise of the internet or cloud computing.
Conclusion
IBM’s CEO is betting that quantum computing will transition from laboratory experiments to real-world applications within this decade. While the timeline remains ambitious, the company’s investment in a dedicated chip foundry and its existing quantum infrastructure suggest that it is serious about making the technology commercially viable. For now, the industry will be watching closely to see if Krishna’s projections hold up.
FAQs
Q1: When does IBM expect quantum computing to generate revenue?IBM CEO Arvind Krishna said quantum computing could contribute to the company’s revenue and profit by 2028 or 2029.
Q2: What is IBM’s investment in quantum chip manufacturing?IBM announced in May a combined $2 billion investment with the U.S. government to build a standalone quantum chip foundry.
Q3: What economic value does IBM project for quantum computing?Krishna said quantum computing could create $1 trillion in economic value by the late 2030s.
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