--- title: "PsiQuantum breaks ground on utility-scale quantum computer" url: https://daily.dev/posts/psiquantum-breaks-ground-on-utility-scale-quantum-computer-2g2l4zxk6 source_url: https://thenextweb.com/news/psiquantum-aupsiquantum-australia-groundbreaking-quantum-computerstralia-groundbreaking-quantum-computer type: article source: "The Next Web" published: 2026-06-17T20:49:21.460Z updated: 2026-06-17T20:49:38.332Z tags: ["quantum-computing"] reading_time: 4 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # PsiQuantum breaks ground on utility-scale quantum computer **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary PsiQuantum has broken ground on a facility in Moreton Bay, Queensland, Australia, aiming to build the world's first utility-scale, fault-tolerant quantum computer using a photonic approach. The project is backed by A$940 million in Australian government funding, a $100 million US CHIPS Act letter of intent, and a $1 billion Series E round valuing the company at $7 billion. The photonic design uses light particles as qubits manufactured via conventional semiconductor foundries, differentiating it from IBM's and Google's superconducting approaches. A large cryoplant from Linde Engineering is expected in 2027, but no timeline exists for a fully operational system — no fault-tolerant quantum computer at commercial scale has been demonstrated anywhere yet. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [PsiQuantum Raises $1 Billion to Build Million-Qubit Scale, Fault-Tolerant Quantum Computers](https://daily.dev/posts/psiquantum-raises-1-billion-to-build-million-qubit-scale-fault-tolerant-quantum-computers-xbqyfktme) · The Quantum Insider · 0 upvotes · 0 comments - [PsiQuantum has a plan to make a massive quantum computer out of light](https://daily.dev/posts/psiquantum-has-a-plan-to-make-a-massive-quantum-computer-out-of-light-z3vvzaly3) · MIT Technology Review · 1 upvotes · 0 comments - [PsiQuantum Supercomputer: Aiming for a Million Qubits](https://daily.dev/posts/psiquantum-supercomputer-aiming-for-a-million-qubits-2fdwydz84) · IEEE Spectrum · 1 upvotes · 0 comments - [US Issues Grand Challenge: The First Fault-Tolerant Quantum Computer by 2028](https://daily.dev/posts/us-issues-grand-challenge-the-first-fault-tolerant-quantum-computer-by-2028-zlgkj6ylb) · Singularity Hub · 1 upvotes · 0 comments --- Tags: [#quantum-computing](https://daily.dev/tags/quantum-computing) [View this post on daily.dev](https://daily.dev/posts/psiquantum-breaks-ground-on-utility-scale-quantum-computer-2g2l4zxk6)