International Business Machines finalizes a Commerce Department award to build Anderon, the first stand-alone quantum chip foundry in the U.S.

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 ...

IBM lands a $1 billion government award to accelerate quantum wafer manufacturing at Anderon. Here’s what the announcement ...

Federal funding and IBM investment will support quantum wafer manufacturing and early production at the Albany, New York ...

Anderon, an IBM company focused on quantum wafer manufacturing, has finalized a $1 billion award under the CHIPS and Science Act with the U.S. Department of Commerce to accelerate research and ...

Anderon finalized a $1 billion CHIPS Act award with Commerce for its Albany quantum wafer foundry, matched by $1 billion from ...

IBM’s quantum foundry expansion connects advanced wafer manufacturing with the Dow Jones Industrial Average and strengthens its broader technology sector activities.

IBM stock closed at USD 237.49 on the NYSE on September 16, 2026, down 4.38% from the previous session, marking a notable ...

Anderon, an IBM company, said it was awarded $1 billion from the Commerce Department, structured as a research-and-development grant under the 2022 Chips and Science Act. The grant will accelerate ...

The U.S. Department of Commerce announced today the signing of a final R&D award of up to $1 billion to Anderon, a newly formed subsidiary of IBM, under the CHIPS and Science Act.

International Business Machines Corporation IBM stock fell more than 3% on Wednesday despite gains in the broader market and ...