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Global Trade Alert

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Australia: Australian Government allocates AUD 940 million towards PsiQuantum

Description

On 30 April 2024, the Australian government announced the allocation of AUD 470 million (approx. USD 305 million) to PsiQuantum for the development of a fault-tolerant quantum computer in Brisbane, Au...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

30 Apr 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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