IBM’s Anderon Finalizes $1B Chips Award with US Commerce Department (IBM:NYSE)
The award will support R&D and expand production-scale quantum wafer manufacturing as IBM-backed Anderon begins running first wafers through its Albany facility.
- On Wednesday, September 16, 2026, Anderon LLC, an IBM company, finalized a $1 billion award under the CHIPS and Science Act with the U.S. Department of Commerce. The Albany-based venture operates as a pure-play quantum wafer foundry.
- The Department and IBM signed a letter of intent in May to support the facility, which also received an additional $1 billion investment from IBM. This funding strengthens domestic supply chains for quantum wafer manufacturing.
- Anderon CEO Mukesh Khare said the agreement "strengthens our ability to deliver the manufacturing scale the quantum industry needs." The facility provides specialized wafers for high-performance superconducting qubit arrays and quantum input/output signaling components.
- This award accelerates R&D efforts as the company translates advanced research into commercial-grade quantum wafer technologies. Customers gain access to a production-scale 300mm fab purpose-built for quantum processors.
- The foundry plans to support additional quantum modalities in the future. Jay Gambetta, Director of IBM Research, noted the foundation allows IBM to "execute and accelerate progress toward the next era of quantum computing.
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IBM's actions shot in May, after the traditional technology giant announced an agreement with the U.S. government to build a quantum chip factory. On Wednesday (16), this unprecedented initiative in the sector became reality. Exclusive material for subscribers. To have full access, access the link of the material and make your registration.
Anderon, a company of the Ibm group, announced that it had won a $1 billion loan from the U.S. Department of Commerce; this is a contribution...
Anderon Finalizes $1 Billion CHIPS Act Award to Scale 300mm Pure-Play Quantum Wafer Foundry
Anderon LLC, an IBM subsidiary, secured $1 billion in CHIPS Act funding, supplemented by another $1 billion from IBM, to expand its 300mm pure-play quantum wafer fabrication facility at Albany NanoTech. This investment aims to scale production of superconducting qubit arrays and other quantum components, addressing QPU scaling bottlenecks and strengthening domestic microelectronics supply chains. The facility will serve as an open commercial fou…
IBM’s Anderon Gets $1 Billion To Build US Quantum Wafers
Anderon, an IBM Company, finalized an agreement with the U.S. Department of Commerce for a $1 billion CHIPS award to accelerate R&D for a U.S.-based pure-play quantum foundry. Funding will help scale and expand access to quantum wafer technology, backed by an additional $1 billion investment from IBM.
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