Story perspectives

PsiQuantum Launches $1B Project for Million-Qubit Quantum Computer

10/9/2025

Summary

Story summary

PsiQuantum has begun building the first million-qubit, fault-tolerant quantum computer at the Illinois Quantum and Microelectronics Park in Chicago.
The project focuses on developing a scalable quantum computing system, starting with an intermediate-scale test system evaluated by DARPA.
Chicago Mayor Brandon Johnson highlighted the project's potential for job creation and community improvements, including a new hospital.
PsiQuantum employs photonic quantum chips, developed with GlobalFoundries, to enhance performance and manufacturability.
The company secured over $1 billion in funding for its quantum technology advancements, including plans for a utility-scale site in Brisbane, Australia.

History

Historical Context

The National Quantum Initiative Act, passed in December 2018, allocated $1.2 billion to advance quantum technology in the U.S., involving organizations like DARPA. In 2021, PsiQuantum initiated a project in Chicago to develop a million-qubit quantum computer, reflecting a broader trend in technological innovation and economic development, with potential implications for computing power and job creation.

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Story summary

PsiQuantum has begun building the first million-qubit, fault-tolerant quantum computer at the Illinois Quantum and Microelectronics Park in Chicago.
The project focuses on developing a scalable quantum computing system, starting with an intermediate-scale test system evaluated by DARPA.
Chicago Mayor Brandon Johnson highlighted the project's potential for job creation and community improvements, including a new hospital.
PsiQuantum employs photonic quantum chips, developed with GlobalFoundries, to enhance performance and manufacturability.
The company secured over $1 billion in funding for its quantum technology advancements, including plans for a utility-scale site in Brisbane, Australia.

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