Anderon Secures $1B CHIPS Award, But Can It Find Customers Beyond IBM?

Anderon, a pure-play quantum foundry spun off from IBM in May, has finalized its $1 billion CHIPS and Science Act award with the U.S. Department of Commerce. This converts the initial letter of intent into a binding agreement. With this development, Anderon now has a $2 billion capital stack behind it, comprising $1 billion in federal R&D funding and $1 billion from IBM.

The company's 300mm pure-play quantum wafer foundry in Albany, New York is already producing its first quantum wafers. These wafers support superconducting qubit arrays, quantum input/output signaling, and readout signal chain components. Anderon plans to expand its offerings beyond these initial products.

Futurum views this finalization as the completion of the capital stack behind quantum's first merchant manufacturing test. However, the open question now shifts from funding to whether a customer base beyond IBM materializes for specialized quantum wafers.