By Technology + Innovation
Publication Date: 2026-05-21 00:00:00
IBM has been making quantum computers for over a decade. What it has not had, and what no American company has had, is a dedicated domestic facility built specifically to produce the wafers those computers run on. That changes today, and the sectors that stand to feel it first are not the ones leading the coverage.
IBM and the U.S. Department of Commerce (DoC) announced this morning that they have signed a letter of intent (LOI) to establish Anderon, a new standalone quantum wafer foundry to be headquartered in Albany, New York. The deal is backed by $1 billion in CHIPS and Science Act incentives from the DoC and matched by $1 billion in cash from IBM, along with intellectual property, workforce, and assets IBM has built over decades of quantum hardware development. Anderon will be America’s first pure-play quantum foundry, meaning its entire purpose is producing quantum wafers rather than adapting classical semiconductor lines for quantum use.
The IBM announcement is the largest…