Anderon Finalizes $1 Billion CHIPS Act Award
AI Summary
IBM’s foundry subsidiary, Anderon, finalized a $1 billion U.S. government grant to accelerate quantum wafer manufacturing.
Anderon, a pure-play quantum foundry based in Albany, New York, officially secured the $1 billion award under the 2022 CHIPS and Science Act. This funding, originally signaled by a letter of intent in May, is designed to bolster domestic capabilities in superconducting wafer fabrication and I/O readout components. IBM is matching the government contribution with an additional $1 billion investment into the facility. Mukesh Khare, the general manager of IBM’s semiconductors division, has been appointed as CEO of Anderon to lead the effort in transitioning quantum technology from research to industrial-scale impact. The foundry has already reached a significant operational milestone, with the first production quantum wafers currently moving through its manufacturing lines. This infrastructure is expected to support a variety of quantum architectures, providing the specialized components necessary for the broader quantum ecosystem.
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