By Brendan Burke
Publication Date: 2026-09-22 00:00:00
Anderon, the pure-play quantum foundry IBM spun off in May, finalized its $1 billion CHIPS and Science Act award with the U.S. Department of Commerce, converting a letter of intent into a binding agreement. Futurum views the finalization as the completion of the capital stack behind quantum’s first merchant manufacturing test, and the open question now shifts from funding to whether a customer base beyond IBM materializes for specialized quantum wafers.
What Is Covered in This Article:
- Finalization of Anderon’s $1 billion CHIPS award with the Department of Commerce, first announced as a letter of intent in May
- The $2 billion capital stack: $1 billion in federal R&D funding plus $1 billion in IBM investment behind a 300mm pure-play quantum wafer foundry in Albany, New York
- First quantum wafers now running through the facility, supporting superconducting qubit arrays, quantum I/O signaling, and readout signal…