IBM and U.S. Department of Commerce Announce America's First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award

Written by PR Newswire

Powered by IBM's decades-long quantum leadership, initiative will accelerate American quantum innovation and enable advanced quantum wafer production for a broad range of companies

WASHINGTON and ARMONK, N.Y., May 21, 2026 /PRNewswire/ -- Today, IBM (NYSE: IBM) and the U.S. Department of Commerce (DoC) announced a Letter of Intent (LOI) to...

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