Today, Australia’s National Reconstruction Fund Corporation (NRFC) – the country’s sovereign investor in manufacturing capability – announced it has invested an additional A$40 million (US$28 million) in Silicon Quantum Computing (SQC), a Sydney-based company working on quantum processors. This is in addition to the A$20 million the NRFC invested in March this year, bringing the total investment in SQC to A$60 million.
The addition A$40 million, like the initial investment, will be used to accelerate SQC’s PAQMan™ or Precision Atom Qubit Manufacturing process. This is SQC’s in-house semiconductor manufacturing process, which is uses to manufacture its silicon-phosphorous Quantum Processing Units (QPUs).
In its LinkedIn announcement, SQC said that NRFC funding will accelerate the development and expansion of its full-stack manufacturing capability, and is a critical step on the path to commercial-scale universal quantum computing systems, built in Australia.
Said NRFC via LinkedIn, “SQC is the only company in the world capable of manufacturing quantum chips with atomic precision while delivering quantum enhanced-AI products for enterprises and governments today.
The additional NRFC funding will be used by SQC to develop and expand its quantum chip manufacturing capability, supporting the development of next-generation atomic electronics and anchoring a globally competitive quantum industry here in Australia.”
