U.S. Department of War Announces $350 Million Quantum Package, Highlighted by $150 Million OSC Loan Commitment for PsiQuantum

PsiQuantum has secured a conditional loan commitment of up to $150 million from the U.S. Office of Strategic Capital to expand its PsiFactory in Milpitas, California. This funding will support the development of a domestic supply chain for quantum computing and follows other significant investments from DARPA and the U.S. Department of Commerce. PsiQuantum is also developing facilities in Illinois and Australia.

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