IBM, US DoC Launch Anderon Quantum Foundry

IBM and the United States — United States Department of Commerce announced a Letter of Intent to establish Anderson, America's first pure-play quantum chip foundry. This initiative involves a $1 billion CHIPS incentive from the United States — United States Department of Commerce and a $1 billion cash contribution from IBM, along with significant intellectual property and workforce. Anderson, headquartered in Albany, New York, will operate as a state-of-the-art 300-millimeter quantum wafer foundry, aiming to secure the United States' global quantum leadership and fuel its growing quantum ecosystem. The project is expected to generate up to $850 billion in economic value by 2040, spur American economic growth, and bolster national security. Key figures like Howard Lutnick, Bill Frauenhofer, and Arvind Krishna highlighted the strategic importance of these investments in advancing American quantum capabilities and technological resilience.