IBM and U.S. Department of Commerce Announce Proposed $1 Billion CHIPS Award to Fund Purpose-Built Quantum Foundry

Insider Brief

IBM and the U.S. Department of Commerce announced plans to launch Anderon, a standalone U.S.-based quantum chip foundry backed by up to $1 billion in CHIPS incentives and a matching $1 billion investment from IBM to expand domestic quantum manufacturing capacity.

The proposed Albany, New York facility would operate as a 300-millimeter quantum wafer foundry serving multiple quantum hardware vendors, initially focusing on superconducting qubit wafers and related electronics before expanding into other quantum technologies.

IBM said the initiative is intended to strengthen U.S. leadership in quantum computing, support national security and economic competitiveness, and accelerate development of scalable, fault-tolerant quantum systems targeted for commercial deployment by 2029.

The logo of Anderon, a new standalone IBM company, and quantum wafer. (IBM)