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IBM to acquire HRL Labs from GM, Boeing — Jul 23, 2026IBM agreed to acquire HRL Laboratories, the 50/50 joint venture between Boeing and General Motors, to accelerate its quantum computing push, with terms undisclosed and closing expected by the end of the third quarter pending regulatory approvals; Boeing and GM will continue collaborating with IBM on quantum technologies, as IBM pursues a two-track quantum strategy that combines HRL’s spin-qubit work with superconducting approaches, amid ongoing U.S. government support for quantum initiatives under the Trump administration.