PsiQuantum Receives $150m Conditional Loan Commitment From US Gov’t to Expand Manufacturing and Prototyping Efforts
The financing would support test equipment, assembly infrastructure and cryogenic systems for prototype fault-tolerant quantum computers, the company said.
6 Articles
6 Articles
PsiQuantum loan: Pentagon offers up to $150m for quantum prototypes
PsiQuantum has received a conditional commitment for a loan of up to $150 million from the US Department of War’s Office of Strategic Capital. The quantum computing company announced the commitment on Thursday. It is the second conditional loan from the same Pentagon office in two days. On Wednesday, the Office of Strategic Capital offered […] This story continues at The Next Web
The Pentagon has allocated about $350 million for the final evaluation of quantum computers and conditional funding for PsiQuantum. The article The US allocates an additional $350 million for quantum computers for use in national security issues appeared first on FLIGHT.
PsiQuantum Secures Conditional $150 Million Loan Commitment from U.S. Office of Strategic Capital
PsiQuantum has secured a conditional loan commitment of up to $150 million from the U.S. Office of Strategic Capital to expand its PsiFactory in Milpitas, California. This funding will support the development of a domestic supply chain for quantum computing and follows other significant investments from DARPA and the U.S. Department of Commerce. PsiQuantum is also developing facilities in Illinois and Australia.
PsiQuantum Receives Conditional $150 Million Loan Commitment from the U ...
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
