Inc. – Colorado-based quantum computing startup Infleqtion announced that it’s spending $50 million to build a quantum computer at the site of the former U.S. Steel mill on Chicago’s South Side. On Wednesday, Governor J.B. Pritzker’s office said that the $700 million startup will headquarter its global quantum computing operation in Illinois and will join companies like IBM in the Illinois Quantum and Microelectronics Park.
That park, which Governor Pritzker revealed plans for in 2024, is part of the state’s plans to revitalize old Rust Belt facilities for new industries. In April 2022, Chicago passed the Manufacturing Illinois Chips for Real Opportunity Act, which provides tax credits to chip manufacturing and semiconductor companies to invest in the state.
“We expect to grow our team significantly in the region adding dozens of roles in engineering, commercialization, research, and operations,” Pranav Gokhale, Infleqtion’s General Manager of Computing, tells Inc. “Our expanded presence will also include co-location at the National Quantum Algorithms Center and ongoing collaboration with partners across the Illinois innovation ecosystem.”
Image Credit: Infleqtion
