Anderon, an IBM Company, Finalizes Agreement with the U.S. Department of Commerce for a $1 Billion CHIPS Award to Accelerate R&D for U.S.-Based Pure-Play Quantum Foundry

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    "url": "https://www.prnewswire.com/news-releases/anderon-an-ibm-company-finalizes-agreement-with-the-us-department-of-commerce-for-a-1-billion-chips-award-to-accelerate-rd-for-us-based-pure-play-quantum-foundry-302879775.html",
    "title": "Anderon, an IBM Company, Finalizes Agreement with the U.S. Department of Commerce for a $1 Billion CHIPS Award to Accelerate R&D for U.S.-Based Pure-Play Quantum Foundry",
    "excerpt": "Funding for Anderon to help scale and expand access to quantum wafer technology ALBANY, N.Y. , Sept. 16, 2026 /PRNewswire/ -- Today, Anderon LLC (\"Anderon\"), an IBM (NYSE: IBM ) company, announced the finalization of a $1 billion award under the CHIPS and Science Act with the U.S. Department of Commerce (the \"Department\"). The award will accelerate Anderon's R&D efforts to advance the nation's quantum wafer manufacturing capabilities. Announced in May under a letter of intent between the Department and IBM , Anderon operates a state-of-the-art 300-millimeter pure-play quantum wafer foundry, backed by an additional $1 billion investment from IBM. Headquartered in Albany, New York, the new venture serves the quantum industry as a pure-play foundry, offering quantum wafer manufacturing to customers across the ecosystem. \"This agreement with the Department of Commerce strengthens our ability to deliver the manufacturing scale the quantum industry needs,\" said Mukesh Khare, CEO, Anderon . \"We're building a foundation that will let quantum move from research breakthroughs to real-world impact.\" \"IBM's quantum roadmap requires a manufacturing foundation that can scale at the pace our work demands,\" said Jay Gambetta, Director, IBM Research & IBM Fellow . \"Anderon's focus on wafer fabrication gives us exactly that and strengthens our ability to execute and accelerate progress toward...",
    "summary": "IBM has invested an additional $1 billion into Anderon, its pure-play quantum wafer foundry venture.",
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    "published_at": "2026-09-16T11:00:00Z",
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    "related_company_domain": "anderon.com"
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