Australian Government Commits Nearly $1 Billion AUD to Stand Up a PsiQuantum Utility-Scale Quantum Computer by 2027

The U.S. Senate passed the United States Innovation and Competition Act (USICA) on June 8th, a major step forward in providing support and financial investment in furthering the United States' competitive capabilities in technology, including semiconductor capabilities. The USICA is bipartisan legislation intended to give federal funding to key science and technology areas, including STEM research, technology transfer, semiconductor research and manufacturing, as well as NASA research activities. The bill also seeks to establish a framework for agencies including the NSF and DOE to collaborate in these areas, to help ensure U.S. leadership in science and technology.

The US government recently stood up a consortium of six Washington D.C.-based federal agencies to explore a range of quantum technologies necessary to create, demonstrate, and operate DC-QNet, a regional, multi-kilometer quantum network testbed. The six participating agencies span a range of US government mission agencies including the National Security Agency, the US Naval Research Laboratory, the National Institute of Standards and Technology, and the National Aeronautics and Space Administration. The program targets key underlying technologies needed to implement a metro[1]area quantum network that includes high-fidelity quantum memory, single photon devices, and related network metrology as well as mechanisms to support quantum entanglement between network nodes in a quantum computer. Details about project schedule and budget have not yet been made available, but each participating agency will be responsible for funding its research activities.