IBM launches Anderon, America's first pure-play quantum chip foundry, with $2 billion in federal and private funding
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Crusty in the right places. Worth the chew.
Summary
IBM is spinning off Anderon, a standalone pure-play quantum chip foundry based in Albany, New York. The venture is backed by a proposed $1 billion CHIPS Act R&D award from the U.S. Department of Commerce and a matching $1 billion investment from IBM. Anderon will operate a 300mm quantum wafer fab and offer manufacturing services to competing quantum hardware vendors. The deal is part of a broader $2.013 billion federal quantum portfolio split across nine companies, representing the largest U.S. government quantum investment to date.
Key quotes
· 3 pulledIBM has announced that it will create Anderon, a standalone company and America's first pure-play quantum chip foundry, backed by a proposed $1 billion CHIPS Act R&D award from the U.S. Department of Commerce and a matching $1 billion cash investment from IBM itself.
Headquartered in Albany, New York, Anderon will operate a 300mm quantum wafer fab and offer its manufacturing services to competing quantum hardware vendors.
The deal was the centerpiece of a broader $2.013 billion federal quantum portfolio split across nine companies, the largest U.S. government quantum investment to date.
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