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"path": "/article/4176446/ibm-plans-2b-quantum-chip-foundry-government-will-pay-half.html",
"publishedAt": "2026-05-22T17:29:52.000Z",
"site": "https://www.networkworld.com",
"tags": [
"CPUs and Processors",
"awarded IBM $1 billion",
"quantum computing"
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"textContent": "The US government has awarded IBM $1 billion to help establish the first purpose-built quantum chip fabrication unit in the US. The Trump administration’s investment is being matched by IBM itself and will result in the establishment of a new company called Anderon. The new business will build its factory in Albany, New York.\n\nIBM has pioneered quantum computing for decades. “Our work in silicon wafer fabrication has been a key to IBM’s success and will be critical to enable a broader quantum technology landscape,” said IBM CEO Arvind Krishna. “Anderon will be well-positioned to fuel America’s fast-growing quantum technology industry.”\n\nAnderon will, with IBM’s help, develop quantum wafers for a number of hardware vendors.\n\nThe US government also invested in several other companies in the quantum area. GlobalFoundries, D-Wave Quantum and Rigetti Computing also benefited from the administration’s interest in the technology.",
"title": "IBM plans $2B quantum chip foundry; government will pay half"
}