PsiQuantum announced it has signed a Letter of Intent with the U.S. Department of Commerce for $100 million in proposed federal incentives under the CHIPS and Science Act. The proposed funding is intended to strengthen American leadership in quantum computing and semiconductor manufacturing while advancing critical domestic technology supply chains.
The company said the incentives, combined with PsiQuantum’s own co-investment, will support the manufacturability and performance of key components required for utility-scale quantum computing. Areas of focus include Barium Titanate (BTO) optical switching materials, high-temperature single-photon detectors, and advanced packaging technologies.
PsiQuantum explained that its silicon photonics-based approach to quantum computing leverages existing semiconductor manufacturing infrastructure, allowing the company to scale quantum systems more rapidly while also contributing innovations that benefit the broader semiconductor industry.
Victor Peng, Interim CEO of PsiQuantum, emphasized the strategic importance of strengthening domestic technology manufacturing and supply chains. The company noted that its supply chain is heavily anchored in the United States, with approximately $200 million invested in 2025 across hundreds of suppliers and vendors spanning 38 states.
The announcement also highlighted PsiQuantum’s long-standing collaboration with GlobalFoundries, which has partnered with the company since 2019 to scale production of quantum photonic chipsets. The partnership focuses on silicon photonics, advanced packaging, and system-level integration technologies designed to support large-scale quantum systems.
PsiQuantum also pointed to its broader government collaborations and infrastructure initiatives. In 2025, the company advanced to the final stage of the Defense Advanced Research Projects Agency Quantum Benchmarking Initiative and broke ground on what it described as America’s largest quantum computing infrastructure project at the Illinois Quantum and Microelectronics Park in Chicago.
Founded in 2016 and headquartered in Palo Alto, PsiQuantum is focused on building fault-tolerant quantum computers using photonic architectures and semiconductor manufacturing technologies.
KEY QUOTES:
“Strong technology supply chains are essential for American security and prosperity. PsiQuantum’s world-leading capability in photonics will help write the next chapter in the history of computing. Thanks to bold action from Washington, our company will continue to invest in manufacturing these cutting-edge components right here in the United States.”
Victor Peng, Interim Chief Executive Officer, PsiQuantum
“With today’s CHIPS Research and Development investments in quantum computing, the Trump administration is leading the world into a new era of American innovation. These strategic quantum technology investments will build on our domestic industry, creating thousands of high-paying American jobs while advancing American quantum capabilities.”
Howard Lutnick, Secretary of Commerce
“The Department of Commerce’s incentives strengthen and accelerate U.S. quantum leadership and technological resilience. Quantum computing has significant implications for national defense, advanced materials and biopharmaceutical discovery, financial modeling and energy systems.”
Bill Frauenhofer, Executive Director Of Semiconductor Investment And Innovation
“The semiconductor industry helped make PsiQuantum’s path to fault-tolerant quantum computing possible, and now PsiQuantum’s scalable breakthroughs in silicon photonics will in turn create new possibilities for the future of computing. Our new engagement with the Commerce Department builds on years of collaboration across the U.S. government, and Washington is playing an historically consequential role in helping deliver this emerging technology.”
Dr. Pete Shadbolt, Co-Founder And Chief Scientific Officer, PsiQuantum
“GlobalFoundries is excited to partner with PsiQuantum to accelerate photonic quantum computing. Building on our long-standing collaboration, GF’s capabilities in silicon photonics, advanced packaging and system-level integration, combined with PsiQuantum’s proven leadership in photonic architectures, will accelerate the scalable semiconductor foundation needed to enable next-generation quantum systems.”
Tim Breen, Chief Executive Officer, GlobalFoundries
