Mentioned:
Quantum computing is getting more important in the United States of America. And now, the first ever domestic photonic chip foundry is almost operational.
What’s happening:
- Quantum Computing Inc (NASDAQ: QUBT) has announced they are in the final phase of building out their quantum photonic chip foundry located in Tempe, Arizona
Why it matters:
- Once the build out is fully completed, Quantum Computing Inc’s new facility will be the first United States based semiconductor foundry of its kind and will unlock domestic production capabilities for photonic integrated circuits which are critical for advancing quantum computing technology
Going deeper:
- North American governments have been putting a huge focus on being a leader in quantum computing, with the Canadian government previously launching new funding commitments for quantum computing startups and the United States White House also officially declaring quantum computing to be a critical and emerging technology for the future
- Quantum Computing Inc has multiple existing partnerships with large scale government organizations and companies, including with NASA and Dutch banking giant Rabobank
The intrigue:
- Technology giants have been deepening their bets on quantum computing lately, notably with IBM (NYSE: IBM) recently launching their first ever European based quantum computing data centre and Nvidia (NASDAQ: NVDA) previously building purpose built data centres for quantum computing
