IBM to Launch Major Quantum Computing Foundry in Albany Through $2 Billion Public-Private Investment
IBM and the U.S. Department of Commerce have announced plans to establish America’s first purpose-built quantum computing foundry, a project expected to bring significant investment, innovation, and long-term economic impact to New York’s Capital Region.
The initiative, backed by a proposed $1 billion federal CHIPS Act award and an additional $1 billion investment from IBM, will create a new standalone company called Anderon focused on manufacturing advanced quantum computing wafers and chips. The facility will be headquartered at the Albany NanoTech Complex in Albany, New York.
Quantum computing is widely viewed as one of the next major technological frontiers, with the potential to dramatically transform industries including healthcare, cybersecurity, logistics, finance, artificial intelligence, and scientific research. Unlike traditional computers that process information in binary bits (0s and 1s), quantum computers use quantum bits, or qubits, allowing them to solve highly complex problems at unprecedented speeds.
According to IBM, the new foundry will focus on producing “quantum-grade superconducting wafers” designed to support a growing ecosystem of quantum hardware companies and accelerate domestic manufacturing capabilities.
The announcement represents another major milestone for New York’s expanding semiconductor and advanced technology sectors. Albany NanoTech has increasingly become a hub for next-generation chip manufacturing and research, supported through partnerships among IBM, NY CREATES, universities, and government agencies.
“The investment marks a defining moment for quantum innovation in the United States,” said NY CREATES President and CEO Dave Anderson in a statement following the announcement.
IBM stated that Anderon will initially manufacture 300-millimeter quantum wafers, using technology compatible with advanced semiconductor production processes already utilized within the Albany NanoTech ecosystem.
Industry analysts say the project could strengthen the United States’ position in the rapidly growing global quantum computing race, while also creating high-paying technology and manufacturing jobs in New York. The Department of Commerce described quantum technology as critical to national security, economic competitiveness, and long-term technological leadership.
The investment also continues a broader trend of large-scale federal and private-sector funding flowing into New York’s semiconductor industry following passage of the CHIPS and Science Act. In recent years, the state has attracted major chip manufacturing and research investments spanning artificial intelligence, semiconductor fabrication, nanotechnology, and now quantum computing.
For New York’s commercial real estate and economic development sectors, the announcement further reinforces the growing importance of technology infrastructure and innovation corridors throughout the Hudson Valley and Capital Region.
Read the full IBM announcement here: IBM Newsroom
