IBM subsidiary Anderon finalizes USD 1 billion CHIPS award for quantum wafer foundry R&D
IBM•CHIPS award finalized for quantum foundry work
- IBM unit Anderon finalized a USD 1 billion CHIPS award agreement with the U.S. Department of Commerce to accelerate quantum foundry R&D.
- Funding targets scaling U.S. quantum wafer manufacturing at Anderon’s 300-millimeter pure-play foundry in Albany, New York.
- IBM committed an additional USD 1 billion investment to back the venture.
- Initial quantum wafers have started running through the facility, signaling early operational ramp-up toward commercial-grade output.
