IBM wins proposed $1 billion CHIPS award backing quantum chip foundry Anderon

IBM Corp

IBM Corp

IBM

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  • IBM secured a letter of intent with the US Department of Commerce for a proposed USD 1 billion CHIPS award to support Anderon, a new quantum chip foundry venture.
  • Anderon is set to operate as a standalone 300mm quantum wafer foundry headquartered in Albany, New York.
  • IBM also plans to contribute USD 1 billion in cash to Anderon, alongside intellectual property, assets, and staff.


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