The CHIPS and Science Act of 2022 passed in August is already making an impact when it comes to quantum computing manufacturing.
This week, Quantum Computing, Inc. (QCI), a quantum computing manufacturer, announced plans to construct and operate a quantum nanophotonics technology manufacturing and research center to expand its current chip development capabilities. A company press release about the news said work was already underway at their New Jersey facility.
QCI is negotiating “several offers of federal, state and regional funding incentives to help finance the project and advance quantum innovation,” according to the press release. Among those incentives is an expected $30 million from the CHIPS Act which aims to provide more than $200 billion over the next decade to fund domestic research and manufacturing of semiconductors to compete with Chinese production.
President Biden signed the CHIPS Act into law on Aug. 9, 2022. On Oct. 7, the Biden administration set limits on exporting semiconductor technology to China. Set by the Commerce Department, the limits aim to isolate China from semiconductor chips made in any location using U.S. tools in an effort to block the country from using U.S. technology to advance its military operations, nuclear capabilities, and surveillance networks.
Quantum ColoradoSeparately, Silicon Valley based Atom Computing is investing $100 million over the next three years in a quantum computing center in Boulder, Colorado. Atom Computing’s quantum chip manufacturing is based on using lasers to build qubits formed from neutral atoms.
In January, Atom raised $30 million in Series B funding led by Third Point Ventures. Prime Movers Lab, Innovation Endeavors, Venrock, and Prelude Ventures also contributed to the round.
Quantum preparations are trending up. Earlier in October, AT&T told SDxCentral's Nancy Liu that the tier-one operator is aiming to become “quantum ready” by the year 2025, AT&T has been identifying its cryptographic assets, vetting post-quantum cryptography solutions, and taking trials to identify those solutions, according to Brian Miles, principal member of tech staff at AT&T.