Anderon, an IBM Company, Finalizes Agreement with the U.S. Department of Commerce for a $1 Billion CHIPS Award to Accelerate R&D for U.S.-Based Pure-Play Quantum Foundry

All press releases Anderon, an IBM Company, Finalizes Agreement with the U.S. Department of Commerce for a $1 Billion CHIPS Award to Accelerate R&D for U.S.-Based Pure-Play Quantum Foundry Funding for Anderon to help scale and expand access to quantum wafer technology Sep 16, 2026 ALBANY, NY, September 16, 2026 Today, Anderon LLC ( Anderon ), an IBM (NYSE: IBM ) company, announced the finalization of a $1 billion award under the CHIPS and Science Act with the U.S. Department of Commerce (the Department ). The award will accelerate Anderon s R&D efforts to advance the nation's quantum wafer manufacturing capabilities. Announced in May under a letter of intent between the Department and IBM, Anderon operates a state-of-the-art 300-millimeter pure-play quantum wafer foundry, backed by an additional $1 billion investment from IBM. Headquartered in Albany, New York, the new venture serves the quantum industry as a pure-play foundry, offering quantum wafer manufacturing to customers across the ecosystem. "This agreement with the Department of Commerce strengthens our ability to deliver the manufacturing scale the quantum industry needs," said Mukesh Khare, CEO, Anderon. "We're building a foundation that will let quantum move from research breakthroughs to real-world impact." "IBM's quantum roadmap requires a manufacturing foundation that can scale at the pace our work demands," said Jay Gambetta, Director, IBM Research & IBM Fellow. "Anderon's focus on wafer fabrication gives us exactly that and strengthens our ability to execute and accelerate progress toward the next era of quantum computing." Anderon offers specialized wafers supporting high-performance superconducting qubit arrays, quantum input/output signaling, and readout signal chain components, foundational capabilities that support a range of quantum architectures. It plans to expand to other quantum modalities in the future. The company has already achieved a significant operational milestone, with the first quantum wafers now running through its manufacturing facility. This early production activity demonstrates the company's ability to quickly translate advanced pre-production research into commercial-grade quantum wafer technologies. Quantum computing has the potential to drive breakthroughs across industries, from advanced materials and chemistry to optimization and cybersecurity. As the technology matures toward large-scale commercial applications, scalable manufacturing will be critical to realizing its full potential. Anderon will provide an advanced manufacturing foundation which is needed to produce quantum wafers at production scale to accelerate innovation, strengthen domestic supply chains, and support the continued growth of a robust quantum ecosystem. To learn more, visit anderon.com. About Anderon Anderon is the world s most advanced pure-play quantum foundry, built to accelerate the future of the quantum industry. Customers gain access to a production-scale 300mm fab purpose-built for quantum processors. Anderon s best-in-class wafer fabrication is enabled by proven quantum IP, a highly skilled workforce, and billions in prior site investment. Visit anderon.com for more information. About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information. Media contacts: Brittany Forgione IBM Brittany.Forgione@ibm.com Willa Hahn IBM Willa.Hahn@ibm.com Subscribe to email Release Categories Research and innovation more articles Research and innovation | Sep 16, 2026 Anderon, an IBM Company, Finalizes Agreement with the U.S. Department of Commerce for a $1 Billion CHIPS Award to Accelerate R&D for U.S.-Based Pure-Play Quantum Foundry Artificial intelligence | Sep 10, 2026 IBM and NASA Release Open-Source AI Model to Support Lunar Exploration Research and innovation | Sep 10, 2026 IBM, Lockheed Martin Announce Swiss Quantum Innovation Hub at ETH Zurich, Anchored by Switzerland’s First IBM Quantum Computer Categories Artificial intelligence Corporate Hybrid cloud Research and innovation Social impact Tag Think 2026 Year 2026 2025 2024 2023 2022 2021 Submit Subscribe to email Assets — Company newsroom — sourced from IBM. Matter furnished by the company. Not a Notice Nearby paid placement. This page reprints matter furnished by the company from its official newsroom. Notice Nearby did not write this release. Read the original: https://newsroom.ibm.com/2026-09-16-anderon,-an-ibm-company,-finalizes-agreement-with-the-u-s-department-of-commerce-for-a-1-billion-chips-award-to-accelerate-r-d-for-u-s-based-pure-play-quantum-foundry