PsiQuantum Finalizes $100 Million Award with the U.S. Department of Commerce

Insider BriefPRESS RELEASE — PsiQuantum announced today that the company has signed definitive documentation with the U.S. Department of Commerce for a $100 million award to strengthen American leadership in quantum computing and semiconductor supply-chain security. In May 2026, the company announced that it had signed a letter of intent with the Department for $100 million in proposed federal research and development (R&D) funding.With federal funding made possible through the CHIPS and Science Act, combined with co-investment by the company in the project, PsiQuantum will accelerate the R&D, domestic manufacturability, and performance of its state-of-the-art critical components, including high-performance optical switches, high-temperature single-photon detectors, and advanced packaging approaches.“America’s national security and economic prosperity depend on secure supply chains for cutting-edge technologies,” said Victor Peng, Chief Executive Officer of PsiQuantum. “PsiQuantum is proud to anchor our supply chains here in the United States. Thanks to the leadership of the U.S. government, our company will be able to manufacture even more of our state-of-the-art components in America.”PsiQuantum’s approach to building fault-tolerant quantum computers leverages existing semiconductor manufacturing to rapidly scale the company’s silicon photonics platform. The company’s breakthroughs in high-performance optical switching, photon detection, and advanced packaging have transformative potential to strengthen the American semiconductor industry—with high-value applications across today’s classical compute infrastructure and tomorrow’s fault tolerant quantum computers.“PsiQuantum’s silicon photonics platform will create consequential opportunities across advanced computing infrastructure even as we build and deploy fault-tolerant quantum computers,” said Rob Soderbery, Executive Vice President at PsiQuantum. “Our new award from the Department of Commerce will help take our momentum to the next level.”The award from the U.S. government will compound PsiQuantum’s existing investments in its U.S.-anchored supply chains. In 2025, the company invested approximately $200 million with hundreds of American suppliers and vendors across 38 states. Since 2019, PsiQuantum has partnered with leading semiconductor manufacturer GlobalFoundries on scaling quantum photonic chipset production in the United States.“GlobalFoundries is excited to continue partnering with PsiQuantum to accelerate photonic quantum computing. Useful quantum systems will be built on manufacturing that already works at scale—a conviction that has driven our collaboration since 2019. GF’s capabilities in silicon photonics, advanced packaging and system-level integration, combined with PsiQuantum’s proven leadership in photonic architectures, will accelerate the scalable semiconductor foundation needed to enable next-generation quantum systems,” said Tim Breen, Chief Executive Officer of GlobalFoundries.Today’s announcement comes as PsiQuantum builds on its partnerships across the U.S. government to validate the company’s path to utility-scale quantum computing, develop critical supporting infrastructure in the United States, and leverage state-of-the-art technology dividends.TopicsShare Get the latest research, company news, and market intelligence every week. MENTIONED IN THE ARTICLEPsiQuantum is developing a utility scale fault tolerant quantum computer utilizing photonic qubits and standard semiconductor manufacturing processes. Founded in 2015, the company collaborates with aerospace partners like Airbus and Lockheed Martin on algorithms for fluid mechanics, aerodynamics, and impact modeling.More in Research The Quantum Insider (TQI) is the leading source for the latest quantum technology news, market intelligence, industry analysis, and data covering the global quantum ecosystem. NEWSROOMPLATFORMSERVICESCOMPANY© 2026 The Quantum Insider. All rights reserved. Part of the Resonance networkOne of our team will be in touch to learn more about your requirements, and provide pricing and access options.Subscribe to our industry leading leading newsletter for the latest in quantum news and insights. Necessary cookies are always on to ensure the website works. Optional cookies help us understand how the site is used. Privacy Policy