Project Type: Investments
IBM and Commerce Department Plan Anderon Quantum Chip Foundry in New York
IBM and the U.S. Department of Commerce announced on May 21 a Letter of Intent to establish Anderon, a new standalone quantum wafer foundry to be headquartered in Albany, New York. Anderon is set to become the nation’s first purpose-built quantum chip foundry.
$2 billion in combined backing
The project is backed by a proposed $1 billion in CHIPS and Science Act incentives from the Department of Commerce, matched by $1 billion in cash from IBM. IBM will also contribute additional intellectual property, workforce, and assets to the new company.
A 300-millimeter quantum wafer foundry
Anderon will operate as a 300-millimeter quantum wafer foundry, initially focused on wafer fabrication for superconducting qubit technology and supporting electronics. Over time, the company plans to expand into other quantum modalities.
Fueling America’s quantum industry
Arvind Krishna, Chairman and CEO of IBM, said:
“IBM has pioneered quantum computing for decades. Our work in silicon wafer fabrication has been a key to IBM’s success and will be critical to enable a broader quantum technology landscape that will reshape global innovation and economic competitiveness. With the support of the U.S. Department of Commerce, Anderon will be well-positioned to fuel America’s fast-growing quantum technology industry.”
Project Type: Investments
IBM and Commerce Department Plan Anderon Quantum Chip Foundry in New York
IBM and the U.S. Department of Commerce announced on May 21 a Letter of Intent to establish Anderon, a new standalone quantum wafer foundry to be headquartered in Albany, New York. Anderon is set to become the nation’s first purpose-built quantum chip foundry.
$2 billion in combined backing
The project is backed by a proposed $1 billion in CHIPS and Science Act incentives from the Department of Commerce, matched by $1 billion in cash from IBM. IBM will also contribute additional intellectual property, workforce, and assets to the new company.
A 300-millimeter quantum wafer foundry
Anderon will operate as a 300-millimeter quantum wafer foundry, initially focused on wafer fabrication for superconducting qubit technology and supporting electronics. Over time, the company plans to expand into other quantum modalities.
Fueling America’s quantum industry
Arvind Krishna, Chairman and CEO of IBM, said:
“IBM has pioneered quantum computing for decades. Our work in silicon wafer fabrication has been a key to IBM’s success and will be critical to enable a broader quantum technology landscape that will reshape global innovation and economic competitiveness. With the support of the U.S. Department of Commerce, Anderon will be well-positioned to fuel America’s fast-growing quantum technology industry.”