IBM-Backed Anderon Finalizes up to $1B US Quantum Foundry Award
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, backed by an additional $1 billion investment from IBM. This dual 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.
- This award accelerates R&D efforts as Anderon translates advanced research into commercial-grade quantum 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.
23 Articles
23 Articles
IBM-backed Anderon finalizes up to $1B US quantum foundry award
The U.S. Department of Commerce has finalized an R&D award of up to $1 billion for Anderon, a newly formed IBM subsidiary that plans to operate a quantum semiconductor foundry in Albany, New York. The agreement turns a May letter of intent into a signed award, but it does not mean that a commercial quantum-computing industry has arrived.
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...
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