By Rishabh Mishra
Publication Date: 2026-05-22 08:19:00
Validating The ‘Massive Upside’
Ives forecasted this type of aggressive government intervention. Highlighting the technological “arms race” between the U.S. and China, he stated investors needed to watch the White House, predicting they were “going to continue to make stakes no different than Intel.” That foresight materialized flawlessly with this new CHIPS Act funding strategy.
The $1 Billion Quantum Bet
Through the CHIPS and Science Act, the Department of Commerce signed a Letter of Intent to award IBM $1 billion. The funds will establish Anderon, a new, standalone, pure-play quantum foundry located in Albany, New York.
To solidify the initiative, IBM will match the federal funding with its own $1 billion cash investment.
Secretary of Commerce Howard Lutnick championed the historic federal award, declaring that the administration is “leading the world into a new era of American innovation.”
Anderon will specialize in producing 300-millimeter quantum wafers, creating a…
