Illinois Governor JB Pritzker Bets $500 Million on Quantum Computing Hub with PsiQuantum and GlobalFoundries

Industry Impact 4
โดย Benzinga·Read original
Summary · why it matters

Illinois Governor JB Pritzker is staking the state's economic future on quantum computing, calling it an area where Illinois has a right to win. The state has committed $500 million to the Illinois Quantum and Microelectronics Park, a 128-acre South Side campus that broke ground last September, backed by Argonne and Fermi national laboratories and research from the University of Chicago, Northwestern, and the University of Illinois Urbana-Champaign. The park's anchor tenant, Palo Alto-based startup PsiQuantum, is building what could become the world's first utility-scale fault-tolerant quantum computer inside a 65,000-square-foot warehouse that is nearing completion. PsiQuantum raised $1 billion last November at a $7 billion valuation and received $100 million under the CHIPS and Science Act, and is partnering with GlobalFoundries to manufacture specialized photonic chips. The park has six tenants including IBM, and Pritzker cited demand for quantum software developers, cryogenic systems engineers, and fabrication technicians.

Impact on stocks 2

Semiconductors▲ · 1 stocks
Globalfoundries Inc
GFS
▲ PositiveDemandrelevance

GlobalFoundries is partnering with PsiQuantum to manufacture specialized photonic chips for the quantum computing hub.

Quantum Computing▲ · 1 stocks
International Business Machines
IBM
▲ PositiveDemandrelevance

IBM is a tenant at the Illinois Quantum and Microelectronics Park, benefiting from the state's investment and ecosystem.

Theme Impact 4

Off-coverage companies 1

PsiQuantumPrivate▲ Positive
Capitalrelevance

PsiQuantum is the anchor tenant receiving $500M state funding and building the world's first utility-scale fault-tolerant quantum computer.

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