$1 Billion Award Finalized for Anderon Quantum Wafer Manufacturing

Anderon, an IBM company, has finalized its agreement for a $1 billion award under the CHIPS and Science Act with the U.S. Department of Commerce. This deal will accelerate Anderon's R&D efforts to advance the nation's quantum wafer manufacturing capabilities.

Anderon operates a state-of-the-art 300-millimeter pure-play quantum wafer foundry, backed by an additional $1 billion investment from IBM. The company is headquartered in Albany, New York, and serves the quantum industry as a pure-play foundry.

'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.'