Brief: IBM And US Department Of Commerce Announce America's First Purpose-Built Quantum Foundry, Supported By Proposed $1 Billion Chips Award

International Business Machines

21/05/2026 11:49

May 21 (Reuters) - International Business Machines Corp IBM.N:

IBM AND U.S. DEPARTMENT OF COMMERCE ANNOUNCE AMERICA'S FIRST PURPOSE-BUILT QUANTUM FOUNDRY, SUPPORTED BY PROPOSED $1 BILLION CHIPS AWARD

IBM - TO CONTRIBUTE $1 BILLION CASH TO ANDERON; DOC TO PROVIDE $1 BILLION CHIPS INCENTIVES

IBM - ANDERON TO OPERATE 300-MM QUANTUM WAFER FOUNDRY IN ALBANY, NEW YORK

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