IBM and U.S. Department of Commerce Announce Proposed $1 Billion CHIPS Award to Fund Purpose-Built Quantum Foundry
AI-summarised brief · reviewed before publication
IBM and the U.S. Department of Commerce have 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. The proposed Albany, New York facility will operate as a 300-millimeter quantum wafer foundry serving multiple quantum hardware vendors, initially focusing on superconducting qubit wafers and related electronics. IBM aims to strengthen U.S. leadership in quantum computing, support national security, and accelerate development of scalable, fault-tolerant quantum systems by 2029.
💡 Why It Matters
- · The U.S.
- · Government's commitment to Anderon positions the country to manufacture most of the world's quantum wafers, solidifying its leadership in the thriving new quantum industry estimated to generate up to $850 billion in economic value by 2040.