Overview
- PsiQuantum will build its first utility-scale quantum computer at the Petrie precinct after dropping its Brisbane Airport plan.
- The company says early site works have begun at Moreton Bay Central with a formal groundbreaking set for June.
- State and federal support totals about $1 billion in equity and loans, with added private investment from Nvidia and Macquarie reported last September.
- Executives cited the former Petrie Paper Mill’s power and utilities, plus nearby university and training links, as key reasons for the move.
- A test and validation lab is set to open next week at Griffith University’s Nathan campus to grow local research and engineering skills.