IBM wins $1B U.S. Commerce Department award for quantum foundry
International Business Machines Corporation (NYSE:IBM) won a $1B U.S. Commerce Department award to help fund a $2B quantum wafer foundry with Anderon, cutting IBM’s cash need as initial wafers and superconducting qubit arrays come online, while shares fell amid profit-taking and political scrutiny.
International Business Machines Corp. S. Commerce Department award to help fund a $2B quantum wafer foundry with Anderon. IBM said the award will reduce its cash requirement as initial wafers and superconducting qubit arrays come online.
Shares fell amid profit-taking and political scrutiny.