Sydney-based silicon quantum chip developer Silicon Quantum Computing (SQC) has secured an additional AUD 40 million from the National Reconstruction Fund Corporation. This brings the total investment from the government fund in the company to AUD 60 million.
The funds will be used to expand the PAQMan technology, which involves placing phosphorus atoms in silicon with atomic precision to produce quantum chips. SQC is advancing its production capabilities and claims it can design, manufacture, and test new chips in under a week.