Insider Brief
PsiQuantum signed a Letter of Intent with the U.S. Department of Commerce for $100 million in proposed CHIPS Act incentives to support domestic manufacturing and scaling of photonic quantum computing technologies.
The proposed funding would support development of key quantum and semiconductor components, including barium titanate optical switches, high-temperature single-photon detectors, and advanced packaging technologies designed for utility-scale fault-tolerant quantum systems.
GlobalFoundries said it is continuing its long-running partnership with PsiQuantum on silicon photonics and advanced packaging, as the company expands U.S. quantum infrastructure projects and collaborations with agencies including DARPA and the Air Force Research Laboratory.
PRESS RELEASE — PsiQuantum announced today that the company has signed a Letter of Intent with the U.S. Department of Commerce for $100 million in proposed federal incentives under the CHIPS and Science Act to advance American quantum computing and semiconductor leadership.
