IBM receives $1 billion to build quantum microchip foundry in upstate New York
2 reports, 2 independent
Updated Sep 22
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AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
IBM has secured $1 billion from the U.S. Commerce Department to fund the country’s first quantum microchip foundry. This funding is provided to Anderon, a newly formed IBM subsidiary. IBM has pledged an additional $1 billion of its own capital to support Anderon, which will operate as a subsidiary once the foundry is operational.
From baystreet.ca
Why it matters
The project aims to advance quantum computing and artificial intelligence through the establishment of a state-of-the-art 300-millimeter wafer foundry. The initiative is part of a broader push by the U.S. government to onshore microchip manufacturing.
IBM and GlobalFoundries are collaborating on building a quantum chip foundry in Albany.
From baystreet.ca
Who's involved
- IBMIs establishing a new subsidiary to manage the quantum chip foundry project.
- Department of CommerceProvided the $1 billion research and development grant for the foundry project.