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

Anderon (IBM) finalized a $1 billion CHIPS and Science Act award with the U.S. Department of Commerce to accelerate R&D in U.S. quantum wafer manufacturing.

Rhea-AI Summary

Anderon (IBM) finalized a $1 billion CHIPS and Science Act award with the U.S. Department of Commerce to accelerate R&D in U.S. quantum wafer manufacturing.

The IBM company operates a 300-millimeter pure-play quantum wafer foundry in Albany, New York, and is backed by an additional $1 billion investment from IBM. Anderon focuses on manufacturing specialized wafers for high-performance superconducting qubit arrays, quantum I/O signaling, and readout signal chain components, and plans to expand to other quantum modalities. The company has begun running its first quantum wafers through the facility, indicating early production capability and the ability to translate pre-production research into commercial-grade technologies.

Positive

• $1 billion CHIPS and Science Act award from the U.S. Department of Commerce
• Additional $1 billion investment from IBM to support Anderon
• First quantum wafers already running through the Albany manufacturing facility
• 300-millimeter pure-play quantum wafer foundry dedicated to industry customers

Negative

• None.

Key Figures

CHIPS award: $1 billion IBM investment: $1 billion Wafer diameter: 300 millimeters

CHIPS award

$1 billion

Finalized award under the CHIPS and Science Act

IBM investment

$1 billion

Additional investment backing Anderon

Wafer diameter

300 millimeters

Anderon pure-play quantum wafer foundry

Key Terms

chips and science act, superconducting qubit arrays, quantum input/output signaling

3 terms

chips and science act regulatory

"award under the CHIPS and Science Act with the U.S. Department of Commerce"

A federal law that provides large-scale government funding and incentives to boost domestic semiconductor manufacturing, related research, and broader science and technology programs. It matters to investors because the law changes where companies build factories, who gets subsidies, and which industries attract new private investment—similar to a city offering tax breaks to bring in factories, it can shift profits, capital spending and competitive positions across supply chains.

superconducting qubit arrays technical

"specialized wafers supporting high-performance superconducting qubit arrays"

Superconducting qubit arrays are collections of quantum bits built from tiny superconducting circuits that store and manipulate quantum information using lossless electrical currents and microwave controls. They matter to investors because this hardware approach is a primary path to larger, more powerful quantum processors; like arranging many fragile lightbulbs that must stay perfectly synchronized, the number of qubits and their coherence and error rates indicate technical progress and potential commercial value.

quantum input/output signaling technical

"quantum input/output signaling, and readout signal chain components"

The physical methods and signals used to send quantum information into a quantum device and receive it back, typically using particles or pulses (for example photons or microwave pulses) that carry fragile quantum states. It matters to investors because input/output signaling affects how reliably and quickly a quantum system can communicate with other equipment, scale up, and perform useful tasks—similar to how a computer’s keyboard and screen determine how you interact with it, but with much stricter technical constraints.

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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 the next era of quantum computing."

Anderon offers specialized wafers supporting high-performance superconducting qubit arrays, quantum input/output signaling, and readout signal chain components, foundational capabilities that support a range of quantum architectures. It plans to expand to other quantum modalities in the future.

The company has already achieved a significant operational milestone, with the first quantum wafers now running through its manufacturing facility. This early production activity demonstrates the company's ability to quickly translate advanced pre-production research into commercial-grade quantum wafer technologies.

Quantum computing has the potential to drive breakthroughs across industries, from advanced materials and chemistry to optimization and cybersecurity. As the technology matures toward large-scale commercial applications, scalable manufacturing will be critical to realizing its full potential. Anderon will provide an advanced manufacturing foundation which is needed to produce quantum wafers at production scale to accelerate innovation, strengthen domestic supply chains, and support the continued growth of a robust quantum ecosystem.

To learn more, visit anderon.com.

About Anderon
Anderon is the world's most advanced pure-play quantum foundry, built to accelerate the future of the quantum industry. Customers gain access to a production-scale 300mm fab purpose-built for quantum processors. Anderon's best-in-class wafer fabrication is enabled by proven quantum IP, a highly skilled workforce, and billions in prior site investment. Visit anderon.com for more information.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service.

Visit www.ibm.com for more information.

Media contacts:

Brittany Forgione
IBM
Brittany.Forgione@ibm.com

Willa Hahn
IBM
Willa.Hahn@ibm.com

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SOURCE IBM

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Anderon’s core business focus as described in this announcement?

Anderon operates a 300-millimeter pure-play quantum wafer foundry in Albany, New York, providing quantum wafer manufacturing services to customers across the quantum ecosystem. It offers specialized wafers for superconducting qubit arrays, quantum input/output signaling, and readout signal chain components, and plans to expand to additional quantum modalities in the future.

How does Anderon’s current operational status support its commercialization plans?

Anderon has already achieved an operational milestone, with the first quantum wafers running through its manufacturing facility. This initial production shows the company can rapidly convert advanced pre-production research into commercial-grade quantum wafer technologies, supporting future large-scale applications.