IBM, US Commerce Department Launch First US Quantum Foundry With $1 Billion Grant
Updated
Updated · Investing.com · Jun 3
IBM, US Commerce Department Launch First US Quantum Foundry With $1 Billion Grant
3 articles · Updated · Investing.com · Jun 3
Summary
$1 billion in proposed CHIPS funding will back IBM and the US Commerce Department’s first purpose-built US quantum foundry, part of a broader $2 billion package for nine quantum companies.
The foundry aims to strengthen domestic quantum-computing manufacturing as the technology moves from research milestones toward scalable hardware, though commercially useful fault-tolerant systems are still years away.
IBM says its roadmap targets thousands of logical qubits by 2033, underscoring both the scale of its ambition and the engineering gap the industry still faces.
Quantum progress has accelerated across rivals including Google, Microsoft, IonQ and D-Wave, but high error rates, extreme cooling needs and heavy capital demands continue to limit near-term commercial deployment.
With timelines shrinking to 2029, which company's approach is now poised to win the quantum computing race?
Do recent error-correction breakthroughs mean useful quantum computers are much smaller and closer than we thought?
As quantum and classical computers merge, what intractable scientific problems will be the very first to fall?
$2 Billion Bet on Quantum: Inside Anderon, America’s First Dedicated Quantum Chip Foundry
Overview
The United States has launched Anderon, its first dedicated quantum chip foundry, marking a major step in securing leadership in quantum technology. Backed by a $2 billion joint investment—split equally between the U.S. Department of Commerce and IBM—Anderon is designed to anchor a national ecosystem for quantum wafer manufacturing. This significant financial commitment reflects a national strategy to boost domestic manufacturing and reduce reliance on foreign suppliers. By establishing this advanced facility, the U.S. aims to accelerate the production of scalable quantum technologies, strengthen its supply chain, and gain a competitive edge in the global quantum race.