IBM has secured $1 billion in funding from the US Department of Commerce to boost quantum wafer production. The funds, awarded to IBM's subsidiary Anderon through the CHIPS program, will be used to scale up manufacturing at the company's Albany, New York fab.

Deal Breakdown

Anderon inked a $1 billion agreement with the US Commerce Department under the CHIPS initiative. The investment is aimed at expanding quantum wafer production at IBM's Albany site. IBM and the Commerce Department publicly announced the deal in May 2026, signing a letter of intent to kick things off.

About Anderon

Back in May 2026, IBM launched Anderon as the first US-based manufacturer of 300mm quantum wafers, designed to serve multiple developers rather than just a single client. According to IBM, Anderon leverages its tech, specialized equipment, and in-house expertise to power the new facility.