Pentagon offers PsiQuantum a conditional loan of up to $150m
The PsiQuantum loan would equip its Milpitas prototype hub with test gear and cryogenic systems. It follows a $125m DARPA deal and a $100m Commerce award, and is not yet guaranteed.
Via TNW | Quantum-tech
Cryogenic cabinets at PsiQuantum’s PsiFactory in Milpitas, California
Credit: PsiQuantum
PsiQuantum has received a conditional commitment for a loan of up to $150 million from the US Department of War’s Office of Strategic Capital. The quantum computing company announced the commitment on Thursday.
It is the second conditional loan from the same Pentagon office in two days. On Wednesday, the Office of Strategic Capital offered chipmaker Wolfspeed up to $1.5bn.
“Today’s announcement shows the U.S. government’s bold leadership and continued…
Courtesy
This story was originally published by TNW | Quantum-tech. All rights belong to the original publisher.
Read the original on thenextweb.com ↗