IBM’s Big Quantum Month: A $10 Billion Bet, a National Fab, and a 2029 Deadline
A version of this post previously appeared in a LinkedIn newsletter IBM revealed that it will invest more than $10 billion in quantum computing over the next five years, with the goal of delivering the first large-scale, fault-tolerant quantum computer by 2029. The disclosure, which arrived not via a press release but through an SEC […]
IBM: Anderon Quantum Foundry and the Industrialization of Quantum Hardware
IBM and the U.S. Department of Commerce announced a Letter of Intent to establish Anderon, a standalone company that will operate the United States’ first pure-play quantum chip foundry.
The initiative has a combined commitment of $2 billion, including $1 billion in proposed CHIPS Act R&D incentives from the Department of Commerce and $1 billion in cash from IBM, supplemented by IBM’s intellectual property, fabrication assets, and an existing skilled workforce.