Global Trade Alert
Global Trade Alert

Australia: Australian Government allocates AUD 940 million towards PsiQuantum

Announcement

30 Apr 2024

In April 2024, the Australian and Queensland governments announced an allocation of AUD 940 million towards PsiQuantum to develop a fault-tolerant quantum computer.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

30 Apr 2024

Revocation date:

No revocation date

State loan In force

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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State loan In force

On 30 April 2024, the Queensland government allocated AUD 470 million (approx. USD 305 million) to PsiQuantum for the development of a fault-tolerant quantum computer in Brisbane, Australia. The fundi...

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