• IBM signed a letter of intent with the U.S. Department of Commerce to build a U.S. quantum chip foundry through a new standalone company, Anderon, positioned as a pure-play quantum foundry.
• The project is backed by a proposed USD 1 billion CHIPS award, with IBM committing USD 1 billion in cash to Anderon.
• Anderon will be headquartered in Albany, New York, operating a 300-millimeter quantum wafer foundry aimed at supplying quantum wafers to multiple hardware vendors.
• Initial production focus targets superconducting qubit wafers, with plans to expand into other quantum modalities.

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