Quantum ComputingSemiconductor ManufacturingPublic-Private PartnershipsCHIPS ActFederal ContractsContract
6 days agoU.S. Commerce Department Awards $1B Quantum Chip Foundry Contract to IBM
The U.S. Department of Commerce has awarded a **$1 billion** contract to **IBM** to establish the nation’s first dedicated quantum chip foundry in Albany, NY. This significant investment, under the **CHIPS Act**, promotes U.S. leadership in quantum technology and semiconductor innovation, with implications for suppliers in the tech sector.