By Simply Wall St
Publication Date: 2026-05-23 12:14:00
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Earlier this week, IBM and the U.S. Department of Commerce announced a Letter of Intent to create Anderon, America’s first pure-play quantum chip foundry in Albany, New York, backed by US$1.00 billion in CHIPS incentives and a matching US$1.00 billion cash commitment from IBM plus intellectual property and staff.
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This partnership not only cements IBM’s role at the core of the U.S. quantum ecosystem but also creates a dedicated 300‑millimeter quantum wafer facility intended to supply multiple hardware vendors and support broader economic and national security goals.
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We’ll now examine how IBM’s US$1.00 billion co-investment in Anderon could reshape its existing thesis around hybrid cloud, AI and quantum.
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