(Reuters) -U.S. quantum computing startup PsiQuantum stated on Tuesday it has began the development of a facility at Chicago’s Illinois Quantum and Microelectronics Park (IQMP), because it capitalizes on a recent $1 billion funding spherical.
The positioning, situated at a former U.S. Metal South Works website, will function IQMP’s anchor tenant and launch with the event of its largest intermediate-scale quantum check system.
The system can be evaluated by the Protection Superior Analysis Initiatives Company beneath the Quantum Benchmarking Initiative, an indication that authorities companies can be intently watching the progress.
PsiQuantum is betting on a photonic strategy, utilizing semiconductor manufacturing processes and traditional telecom fiber, a route that provides options to a number of the technical bottlenecks hindering rivals, the corporate stated.
“As we speak, we break floor on a landmark undertaking that can set up Illinois because the nation’s main hub for quantum innovation whereas attracting billions in financial funding and creating 1000’s of jobs,” stated Illinois Governor JB Pritzker.
The Silicon Valley-based firm stated the brand new facility, if profitable, will home the nation’s first million-qubit, fault-tolerant quantum pc.
PsiQuantum earlier this month disclosed a Blue Owl Capital-backed Collection E funding, which was one of many largest U.S. investments in quantum expertise.
The newest funding may even help growth at a associate website in Australia and additional work on its quantum photonic chips, the corporate stated.
(Reporting by Kritika Lamba in Bengaluru; Enhancing by Shreya Biswas)
