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Investments & Funding
Investments & Funding

IBM and US Commerce Department structure standalone quantum foundry Anderon with combined USD 2 billion commitment

IBM and the U.S. Department of Commerce have signed a letter of intent to establish Anderon, a standalone pure-play quantum chip foundry. Backed by USD 1 billion in CHIPS incentives and a matching USD 1 billion from IBM, the Albany-based entity aims to anchor domestic quantum wafer manufacturing and strengthen national supply chains.

2 days ago • United States
Mergers & Acquisitions
Mergers & Acquisitions

NTT DATA expands Microsoft cloud business with strategic WinWire acquisition

NTT DATA has signed a definitive agreement to acquire California-based IT specialist WinWire to accelerate its corporate artificial intelligence capabilities. The transaction adds over 1,000 Azure engineers and Microsoft experts to NTT DATA's workforce, positioning the company to meet growing international demand for scalable, production-ready AI frameworks.

2 days ago • Japan;United States
Army
Army

BAE Systems OneArc secures VBS4 enterprise license upgrade with Norwegian military

BAE Systems OneArc has been selected by the Norwegian Armed Forces for an enterprise license upgrade to VBS4, its virtual training platform. The multi-year agreement includes VBS Builder Edition, Blue IG, software support, and training services, advancing virtual mission rehearsal and interoperability with Nordic defence partners.

2 days ago • Norway

Latest News

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.

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