PsiQuantum Breaks Ground in Australia on Site of World’s First Utility-Scale Quantum Computer
Company’s site at Moreton Bay Central will hold tens of thousands of photonic quantum chips, large-scale cryogenic infrastructure.
PsiQuantum today broke ground and started construction on its facility at Moreton Bay Central, where the company will build and deploy the world's first utility-scale, fault-tolerant quantum computer. Minister for Industry and Innovation and Minister for Science Senator the Hon Tim Ayres, Queensland Minister for Science and Innovation the Hon Andrew Powell and City of Moreton Bay Mayor Peter Flannery joined PsiQuantum Chief Executive Officer Victor Peng and PsiQuantum Co-Founder and Executive Chair Prof. Jeremy O’Brien to mark the milestone.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260617018403/en/ At its facility at Moreton Bay Central, PsiQuantum will build and deploy the world's first utility-scale, fault-tolerant quantum computer. (Credit: PsiQuantum)
Fault-tolerant quantum computers are expected to unlock transformative new capabilities across medicine, materials science, energy, manufacturing, logistics, finance, and agriculture. As demand for advanced computing continues to grow alongside technologies such as artificial intelligence, quantum computing will provide a powerful new way to solve some of the world’s most complex scientific and industrial challenges by generating high-quality data directly from first principles. Together, quantum computing and AI will help form a complete industrial computing stack capable of accelerating discovery and unlocking breakthrough technologies across critical industries.
