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This $284 million initiative establishes a dedicated quantum chip fabrication hub in Manhattan, marking a significant shift toward localized hardware development for the U.S. quantum ecosystem. By combining public equity stakes with private operational funding, the project aims to incubate startups and build a specialized workforce for quantum manufacturing over the next decade.

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New York City and NYU Partner to Launch $284 Million Quantum Fabrication Facility

Quantum Computing ReportOctober 14, 20262 min read

New York City and NYU are partnering to launch the $284 million Quantum Fabrication Facility (QFab) at 770 Broadway, set to open in 2030. The facility will focus on quantum chip development and aims to foster startups, provide fabrication services, and support workforce development through CUNY and NYC Public Schools. This initiative features a unique public-equity model, granting NYC a 15% share in IP generated with city-funded equipment and seats on the QFab Executive Advisory Board. The post New York City and NYU Partner to Launch $284 Million Quantum Fabrication Facility appeared first on Quantum Computing Report.

New York City Mayor Zohran Kwame Mamdani, Deputy Mayor Julie Su, and New York City Economic Development Corporation (NYCEDC) President & CEO Anthony Shorris have announced a $29.2 million municipal grant to New York University (NYU)…

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