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Key facts and figures on 30 april 2024, the government announced that the commonwealth and the queensland governments will each invest $466.4 million, via an equity investment and. Psiquantum has raised a total funding of $2.32b over 8 rounds from 24 investors. One of the most difficult issues in developing real quantum computers is the production of scalable and dependable quantum chips.
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Psiquantum, a pioneer in photonic. In q2 2024, psiquantum received $617 million (aud $940 million) in funding from the federal and queensland governments to build a. Psiquantum has secured a production partnership with globalfoundries, which manufactures the company’s integrated photonic chipset at fab 8 in new york.
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Australia is making a similar bet. Investors include blackrock, temasek and 22 others. The government announced last month that it would be contributing half of a $940 million funding package, in partnership with the queensland state government, for.
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The $25 million in recently secured funding will help fund specific investments that are being made at globalfoundries, including new fab integration and tooling to be installed at. The funding will support quantum computing sites in brisbane and chicago and advance psiquantum's photonic chips and architecture. Their latest funding round was of $1b.
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In april 2024, psiquantum and australian prime minister anthony albanese announced a $940m aud partnership with the australian federal and queensland state.
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