PsiQuantum dumps Brisbane airport plan in favour of new site
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The news: Silicon Valley technology developer PsiQuantum has abandoned plans to develop a quantum computer on a site near the Brisbane airport, moving the project to the new Moreton Bay Central development precinct at Petrie, 28km away.
The context: Two years ago ago the federal and state government offered $940 million in support for PsiQuantum’s plan to build the world’s first quantum computer in Queensland.
The company, which had experienced engineering and technical difficulties on the original Brisbane airport site, will proceed with the project with the same government assistance package at the 460ha Petrie site, which is being developed by the City of Moreton Bay
The Moreton Bay central development will also feature a new campus of the Sunshine Coast University and is the future site of a Technical and Further Education (TAFE) Centre of Excellence dedicated to advanced manufacturing. The precinct is also slated to host events in the 2032 Brisbane Olympics.
PsiQuantum says it has already broken ground at the new site.
It is expected to be working on the same timescale as previously, which means its facility should be operational by the end of 2027.
A company statement released on Wednesday night said the project offered PsiQuantum a chance to help shape a broader, long-term innovation ecosystem, supporting skills development, attracting talent and enabling future-focused industries supported by the next generation of computing.
What they said: PsiQuantum interim CEO Victor Peng: “City of Moreton Bay provides the infrastructure, scalability, and collaborative environment we need to deliver.”
City of Moreton Bay Mayor Peter Flannery: “This investment will help drive highly skilled jobs, attract new industry, and strengthen Queensland’s position in advanced manufacturing and future technologies. Moreton Bay Central is becoming a destination for businesses looking to grow alongside a skilled workforce, strong infrastructure and leading education and training institutions.”
The source: PsiQuantum media statement
