(Reuters) -U.S. quantum computing startup PsiQuantum said on Tuesday it has started the construction of a facility at Chicago’s Illinois Quantum and Microelectronics Park (IQMP), as it capitalizes on a fresh $1 billion funding round.<\/p>\n
The site, located at a former U.S. Steel South Works site, will serve as IQMP’s anchor tenant and launch with the development of its largest intermediate-scale quantum test system.<\/p>\n
The system will be evaluated by the Defense Advanced Research Projects Agency under the Quantum Benchmarking Initiative, a sign that government agencies will be closely watching the progress.<\/p>\n
PsiQuantum is betting on a photonic approach, using semiconductor manufacturing processes and conventional telecom fiber, a route that offers solutions to some of the technical bottlenecks hindering rivals, the company said.<\/p>\n
“Today, we break ground on a landmark project that will establish Illinois as the nation’s leading hub for quantum innovation while attracting billions in economic investment and creating thousands of jobs,” said Illinois Governor JB Pritzker.<\/p>\n
The Silicon Valley-based company said the new facility, if successful, will house the country’s first million-qubit, fault-tolerant quantum computer.<\/p>\n
PsiQuantum earlier this month disclosed a Blue Owl Capital-backed Series E funding, which was one of the largest U.S. investments in quantum technology.<\/p>\n
The latest funding will also support development at a partner site in Australia and further work on its quantum photonic chips, the company said.<\/p>\n
(Reporting by Kritika Lamba in Bengaluru; Editing by Shreya Biswas)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -U.S. quantum computing startup PsiQuantum said on Tuesday it has started the construction of a facility at…\n","protected":false},"author":2,"featured_media":192849,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[70556,199,112109,112108,2047,2048,112110,79],"class_list":{"0":"post-192848","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-physics","8":"tag-defense-advanced-research-projects-agency","9":"tag-physics","10":"tag-psiquantum","11":"tag-quantum-benchmarking-initiative","12":"tag-quantum-computing","13":"tag-quantum-technology","14":"tag-quantum-test-system","15":"tag-science"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/192848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=192848"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/192848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/192849"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=192848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=192848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=192848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}