IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award

Powered by IBM’s decades-long quantum leadership, initiative will accelerate American quantum innovation and enable advanced quantum wafer production for a broad range of companies

WASHINGTON and ARMONK, N.Y., May 21, 2026 /PRNewswire/ — Today, IBM (NYSE: IBM) and the U.S. Department of Commerce (DoC) announced a Letter of Intent (LOI) to build an American quantum chip foundry, securing the nation’s global quantum leadership and fueling the country’s growing quantum ecosystem. The CHIPS incentive from the DoC will support the research and development efforts of a new IBM company: Anderon, which will be America’s first pure-play quantum foundry. This initiative represents one of the most significant commitments by the U.S. Government to date in…