IBM-Backed Anderon Secures $1 Billion Award for Quantum Foundry Expansion

Anderon LLC, an IBM company, has finalized its agreement with the U.S. Department of Commerce for a $1 billion CHIPS Award to accelerate research and development for a U.S.-based pure-play quantum foundry.

The award will help Anderon scale and expand access to quantum wafer technology in the United States.

This move aligns with the CHIPS and Science Act's goal of advancing the nation's semiconductor industry and its related technologies, including quantum computing.