Categories: Tech and Auto

PsiQuantum Breaks Ground on $1B Chicago Facility to Build Million-Qubit Quantum Computer

U.S. quantum computing startup PsiQuantum has started construction on a $1 billion facility at Chicago’s Illinois Quantum and Microelectronics Park, aiming to develop the country’s first million-qubit, fault-tolerant quantum computer. The site will host PsiQuantum’s largest intermediate-scale quantum test system and partner facilities from IBM, Diraq, and Infleqtion. The project, supported by Nvidia’s venture arm, will be closely evaluated by DARPA under the Quantum Benchmarking Initiative, positioning Chicago as a major hub for next-generation quantum technology.

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Published by NewsX Syndication
Last updated: October 1, 2025 10:32:02 IST

(Reuters) -U.S. quantum computing startup PsiQuantum said on Tuesday it broke ground for a facility at Chicago’s Illinois Quantum and Microelectronics Park (IQMP), as it capitalizes on a fresh $1 billion funding round. The facility, located at a former U.S. Steel South Works site, will serve as IQMP’s anchor tenant and launch with the development of PsiQuantum’s largest intermediate-scale quantum test system.  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. 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. The Silicon Valley-based company said the new facility, if successful, will house the country’s first million-qubit, fault-tolerant quantum computer. The site will also eventually host quantum facilities from IBM, Australian firm Diraq and Colorado-based startup Infleqtion. “From this site, we’ll begin building out this campus as the epicenter of a massive quantum ecosystem,” Illinois Governor JB Pritzker said in streamed remarks at the site on Tuesday. PsiQuantum earlier this month disclosed a $1 billion funding round with participation from Nvidia’s venture arm, which was one of the largest U.S. investments in quantum technology.     The latest funding will also support development at a partner site in Australia and further work on its quantum photonic chips, the company said. (Reporting by Kritika Lamba in Bengaluru; Editing by Shreya Biswas and Leslie Adler) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Published by NewsX Syndication
Last updated: October 1, 2025 10:32:02 IST

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