IBM has finalized a $1 billion CHIPS Act award with the U.S. Commerce Department to accelerate quantum wafer manufacturing and research and development in the United States. 🔹 Key Highlights 💰 IBM will receive a $1B CHIPS Act award. 🏦 IBM plans to commit an additional $1B, bringing combined public and company commitments to $2B. 🧪 IBM’s Anderon facility operates a 300mm pure-play quantum wafer foundry in Albany. ⚛️ Wafers are already being produced for superconducting qubits, quantum I/O and readout components. 🇺🇸 The investment aims to expand U.S. quantum manufacturing capacity and supply-chain capabilities. 💡 Why It Matters The investment supports the development of domestic quantum manufacturing infrastructure and could help expand the U.S. supply chain for components needed as quantum computing moves toward larger-scale commercial applications. 🚀 Start Your 7-Day FREE ThinkSabio Trial https://www.thinksabio.com/ ThinkSabio — Stocks Simplified