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 ...

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

International Business Machines (IBM) has secured a landmark $1 billion federal award from the U.S. Department of Commerce ...

Anderon Unit has won a $1 billion contract from the US Department of Commerce under the CHIPS and Science Act. The company, which operates a quantum wafer foundry in Albany, New York, said the funding ...

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 ...

IBM stock dips as the company finalizes a $1B U.S. government deal to build Anderon, America's first quantum chip foundry, ...

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 ...