Story perspectives

Pasqal Invests $65 Million in Chicago Quantum Hub

10/11/2025

Summary

Story summary

Pasqal, a French quantum computing company, will establish its U.S. headquarters in Chicago's Illinois Quantum and Microelectronics Park, investing over $65 million and creating at least 50 jobs.
The facility will focus on developing neutral-atom quantum computers and is supported by state incentives, including a $15 million loan.
Founded in 2019 by Nobel laureate Alain Aspect, Pasqal joins firms like IBM and DARPA at the park, which aims for a $50 billion economic impact over 20 years.
Governor JB Pritzker highlighted the significance of this development for Illinois's role as a national quantum technology hub.

History

Historical Context

The National Quantum Initiative Act, signed into law on December 21, 2018, allocated $1.2 billion to advance quantum technology in the U.S., fostering collaboration among government, academia, and industry, including IBM and DARPA. This initiative has spurred significant investments, such as Pasqal's $65 million in Illinois, positioning the state as a potential leader in quantum technology with an estimated $50 billion economic impact over 20 years.

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Story summary

Pasqal, a French quantum computing company, will establish its U.S. headquarters in Chicago's Illinois Quantum and Microelectronics Park, investing over $65 million and creating at least 50 jobs.
The facility will focus on developing neutral-atom quantum computers and is supported by state incentives, including a $15 million loan.
Founded in 2019 by Nobel laureate Alain Aspect, Pasqal joins firms like IBM and DARPA at the park, which aims for a $50 billion economic impact over 20 years.
Governor JB Pritzker highlighted the significance of this development for Illinois's role as a national quantum technology hub.

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