"PsiQuantum’s scalable breakthroughs in silicon photonics will in turn create new possibilities for the future of computing."

Dr. Pete Shadbolt, Co-Founder and CSO of PsiQuantum

Following the announcement that PsiQuantum has signed a Letter of Intent with the U.S. Department of Commerce for $100 million in proposed federal incentives under the CHIPS and Science Act, Dr. Pete Shadbolt, PsiQuantum’s Co-Founder and CSO, commented:

The semiconductor industry helped make PsiQuantum’s path to fault-tolerant quantum computing possible, and now PsiQuantum’s scalable breakthroughs in silicon photonics will in turn create new possibilities for the future of computing. Our new engagement with the Commerce Department builds on years of collaboration across the U.S. government, and Washington is playing an historically consequential role in helping deliver this emerging technology.