IBM Launches America's First Quantum Foundry

IBM partnered with the U.S. Department of Commerce to establish Anderon, America's first quantum wafer foundry in Albany, New York. The venture is backed by $1 billion in CHIPS Act incentives and $1 billion in IBM cash investment, along with intellectual property and talent contributions. IBM also expanded its enterprise security offerings through partnerships with Anthropic to combat AI-driven cyber threats. The stock rose 8.92% on the announcement, with analysts maintaining a Buy rating and $286.67 average price target.