Quantum Insider – Illinois is making a $500 million bet on quantum technology with the construction of the Illinois Quantum and Microelectronics Park (IQMP) on Chicago’s South Side — and the potential rewards are worth the investment, Preeti Chalsani, business development lead for the IQMP and chief quantum officer for Intersect Illinois, told Chicago in a recent interview.
The 128-acre campus, set to open partially by the end of 2026, will be located at the former U.S. Steel South Works site. It aims to attract quantum developers, researchers, suppliers and others in a bid to cement Illinois as a global hub for quantum technology. Its anchor tenant, PsiQuantum, is tasked with building the first “useful” fault-tolerant quantum computer.
Chalsani discussed the state’s ambitious plans, the potential of quantum technology and its impact of this project on the community — and its potential world-changing possibilities.
Image Credit: Quantum Insider
