Project
IBM-owned planned U.S. pure-play quantum wafer foundry that would make chips for outside quantum designers, with proposed CHIPS Act funding.
IBM subsidiary Anderon has a finalized $1 billion CHIPS award plus $1 billion from IBM to run a quantum-wafer foundry in Albany, New York. Its business case now turns on whether rival quantum companies will send their designs to a fab owned by a competitor.
Reality
The federal government is funding exactly half of Anderon's upstate New York plant. The outside customers IBM hopes to sell wafers to include three quantum developers that each took up to $100 million from Commerce this month.
Reality
IBM has closed the HRL Laboratories deal behind a 2029 fault-tolerant target. For anyone holding ciphertext that must outlive the decade, the vendor's date is now the planning date.
Reality
Federal dollars are no longer the binding constraint in US quantum. Two dated milestones, one vendor and one state, are what a migration plan can actually be built against.
Reality
Preliminary second-quarter results show software up 5 percent, infrastructure down 7 percent and consulting flat, with Arvind Krishna citing capex reprioritization and deals that did not close.
Reality