PsiQuantum has finalized definitive documentation with the U.S. Department of Commerce for a $100 million federal research and development award intended to strengthen U.S. quantum computing capabilities and semiconductor supply-chain security.
The funding is being provided through the CHIPS and Science Act and follows a May 2026 letter of intent covering the proposed $100 million award.
PsiQuantum is developing fault-tolerant quantum computers based on silicon photonics and uses existing semiconductor manufacturing infrastructure as part of its strategy for scaling quantum computing systems.
Victor Peng, Chief Executive Officer of PsiQuantum “PsiQuantum’s silicon photonics platform will create consequential opportunities across advanced computing infrastructure even as we build and deploy fault-tolerant quantum computers.
Rob Soderbery, Executive Vice President at PsiQuantum “GlobalFoundries is excited to continue partnering with PsiQuantum to accelerate photonic quantum computing.