Plans to build the world’s first utility-scale quantum computer at Moreton Bay Central are set to shape economic growth and opportunity in this City and beyond.
PsiQuantum revealed last month it is to build an Asia-Pacific headquarters – reported to cost $940 million – and quantum computer at the former paper mill site in Petrie.
Describing the scale of project, PsiQuantum says on its website a “utility-scale fault tolerant quantum computer will be able to solve problems no conventional computer, AI or even supercomputer could ever solve”.
Little wonder Mayor Peter Flannery described it is as one of the “most ambitious technology projects ever undertaken” which will “supercharge” Moreton Bay Central.
The Mayor said PsiQuantum’s move is a “significant opportunity for economic growth” in our city and Queensland.
“This investment will help drive highly-skilled jobs, attract new industry and strengthen Queensland’s position in advanced manufacturing and future technologies,” he said.
“Moreton Bay Central is becoming a destination for businesses looking to grow alongside a skilled workforce, strong infrastructure and leading education and training institutions.”
Victor Peng, Interim CEO of PsiQuantum, agreed, saying the mission to build the world’s first utility-scale quantum computer “requires speed, agility, and strong partnerships”.
“City of Moreton Bay provides the infrastructure, scalability, and collaborative environment we need to deliver,” he said.
Council CEO Scott Waters said the deal was a “major milestone for our City” at a precinct designed to “bring together industry, research and community”.
Deputy Mayor Jodie Shipway added: “It’s about building a connected innovation precinct where education, research and industry work side-by-side to drive new jobs, new capability and long-term economic growth for Queensland.”
Early site works have already begun, with the early works to begin in the coming weeks ahead of a formal groundbreaking, scheduled for this month.
PsiQuantum, which has bases in the US and UK, says this site offered the strongest pathway to meeting the company’s technical requirements and development plans at speed and scale.
The project will also “support skills development, attract talent and enable future-focused industries supported by the next generation of computing”.
