WASHINGTON, Sept. 16 -- The U.S. Department of Commerce's National Institute of Standards & Technology issued the following press release:

The U.S. Department of Commerce announced today the signing of a final R&D award of up to $1 billion to Anderon, a newly formed subsidiary of IBM, under the CHIPS and Science Act. This award will strengthen the domestic semiconductor supply chain and national security by advancing semiconductor R&D and accelerating Anderon's efforts to establish a new quantum semiconductor foundry.

Click here (https://www.nist.gov/document/anderon-chips-release) to download the PDF version of this press release.

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