TL;DRPsiQuantum has broken ground on a facility in Queensland, Australia, where it plans to build what it calls the world’s first utility-scale quantum computer. The project is backed by nearly $1 billion in government subsidies from Australia and the US, plus a $7 billion private valuation.
PsiQuantum has broken ground on a facility in Moreton Bay, Queensland, where it plans to build and deploy what it calls the world’s first utility-scale, fault-tolerant quantum computer. The site will eventually hold tens of thousands of photonic quantum chips cooled by one of the largest cryogenic systems ever constructed for quantum computing.
Victor Peng, PsiQuantum’s chief executive and a former president of AMD, said Australia is “beginning to turn that promise into reality.” Co-founder and executive chair Prof. Jeremy O’Brien, who did much of his foundational photonic research in the region, called the facility “critical infrastructure” for the country’s sovereign computing capability.
What is being built
The Moreton Bay site will be developed in phases. During the initial construction stage, PsiQuantum is preparing for the arrival of a large cryoplant manufactured by Linde Engineering, ordered in late 2024 and scheduled for delivery in the second half of 2027.
