IBM and the U.S. Department of Commerce announced a $2 billion initiative to create Anderon, America's first dedicated quantum chip foundry. Supported by $1 billion from the CHIPS program and $1 billion from IBM, Anderon will produce advanced 300mm quantum wafers to strengthen U.S. leadership in quantum computing. This effort aims to accelerate innovation, secure national security interests, and foster economic growth in a quantum industry projected to be worth $850 billion by 2040. Anderon will serve multiple quantum hardware vendors and help maintain the U.S. as a global quantum technology leader.
Quantum computing stocks, including IBM and others, jumped after the US Commerce Department announced grants to nearly a dozen companies to boost the domestic quantum industry. IBM plans to create a standalone quantum foundry in partnership with the ...
The U.S. government plans to award $2 billion in grants to nine quantum computing companies, with IBM receiving the largest share of $1 billion. This funding, part of the 2022 Chips and Science Act, aims to boost American innovation in quantum techno...
IBM and Oracle, two large-cap enterprise tech firms, have lagged the broader market despite strong AI-driven revenue growth and expanding backlogs. Oracle's cloud infrastructure revenue surged 84% year-over-year with AI infrastructure up 243%, backed...
IBM announced an expansion of its enterprise security program to combat AI-powered cyberattacks, partnering with Anthropic in Project Glasswing to protect critical software infrastructure. The initiative focuses on identifying and fixing vulnerabilit...
