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PsiQuantum has secured definitive $100 million funding from the U.S. Department of Commerce to advance its silicon photonics platform under the CHIPS and Science Act. This investment will specifically target the domestic manufacturing of critical components like optical switches and single-photon detectors essential for building fault-tolerant quantum computers. The move underscores a strategic shift toward securing supply chains while leveraging existing semiconductor infrastructure to scale quantum hardware development.
PsiQuantum Finalizes $100 Million Award with the U.S. Department of Commerce
Insider Brief PRESS RELEASE — PsiQuantum announced today that the company has signed definitive documentation with the U.S. Department of Commerce for a $100 million award to strengthen American leadership in quantum computing and semiconductor supply-chain security. In May 2026, the company announced that it had signed a letter of intent with the Department for $100 million […]
PsiQuantum has finalized a $100 million U.S. Department of Commerce award under the CHIPS and Science Act to support quantum computing R&D and domestic semiconductor manufacturing. The funding, combined with PsiQuantum’s co-investment, will support development and manufacturing of optical switches, single-photon detectors and advanced packaging technologies. The company plans to expand its U.S. supply chain while using…
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