IBM and U.S. Department of Commerce Launch America’s First Quantum Foundry with $1 Billion CHIPS Investment Washington, D.C. and Armonk, N.Y. — May 21, 2026 — IBM and the U.S. Department of Commerce announced a Letter of Intent to establish America’s first purpose-built quantum chip foundry, backed by a proposed $1 billion CHIPS incentive award. The initiative, led by a new IBM subsidiary named Anderon, aims to solidify U.S. leadership in quantum technology and enable advanced quantum wafer production for global companies. The collaboration marks one of the most significant federal investments in quantum research and development to date, positioning the United States to manufacture most of the world’s quantum wafers. The project combines $1 billion in CHIPS incentives from the Department of Commerce with an additional $1 billion in cash from IBM, along with the company’s intellectual property, assets, and skilled workforce. Additional investors are expected to join as Anderon expands. The foundry, headquartered in Albany, New York, will operate as a state-of-the-art 300-millimeter quantum wafer fabrication facility. It is designed to support the growth of a quantum industry projected to generate up to $850 billion in economic value by 2040, while enhancing national security through advanced quantum capabilities. IBM emphasized its decades-long expertise in quantum computing and wafer fabrication, which will underpin Anderon’s operations. The initiative reflects IBM’s commitment to commercializing scalable quantum technology, with Anderon planning to provide wafer fabrication services for multiple quantum hardware vendors worldwide. The foundry will initially focus on superconducting qubit and supporting electronics wafers, with plans to expand into other quantum modalities.#ibm #us_department_of_commerce #anderon #albany_new_york #howard_lutnick
