en.Wedoany.com Reported - The National Reconstruction Fund Corporation (NRFC) of Australia will inject AUD 20 million into Silicon Quantum Computing (SQC) in Sydney to boost its atomic-scale semiconductor manufacturing and quantum computing technology development.

This funding will be used to advance SQC's proprietary Precision Atomic Qubit Manufacturing process (PAQMan™), which enables the fabrication of quantum chips with atomic precision. The NRFC stated that this support will accelerate the R&D of next-generation atomic electronics and strengthen the competitiveness of Australia's domestic quantum industry.

Australia is currently enhancing its self-reliance in advanced manufacturing and emerging technology sectors. According to the federal government's National Quantum Strategy, the country's quantum industry is projected to reach AUD 6 billion and create 19,400 jobs by 2045.

Minister for Industry and Innovation, Tim Ayres, said in a statement that this investment helps translate domestic research into commercial products. "It ensures that world-leading quantum technology can be designed, manufactured, and commercialized in Australia," Ayres said. "SQC's globally leading technology, developed over 25 years of R&D, showcases the true face of 'Australia's manufacturing future'—turning local research into local manufacturing to achieve sovereign semiconductor and quantum capabilities, high-skilled jobs, and global opportunities."

Founded by Professor Michelle Simmons AC in 2017 at the University of New South Wales, SQC is one of the few companies globally dedicated to achieving commercial-scale quantum computing. It is also one of 11 institutions worldwide to reach Phase B of the U.S. Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative. According to the NRFC, SQC's in-house manufacturing capabilities allow the design, production, and testing of new quantum chips in under a week, supporting rapid iteration of its technology. The company currently has two commercial products: the quantum machine learning system Watermelon™ and the quantum simulation platform Quantum Twins™.

NRFC CEO David Gower said the investment aligns with the fund's mission to support advanced manufacturing and domestic innovation. "Silicon Quantum Computing is a leader in silicon-based quantum computing, and we are proud to invest in a company that creates high-skilled jobs, commercializes Australian innovation, and helps build sovereign quantum capabilities," Gower said. "Australia is at the global forefront of quantum computing, and SQC's in-house manufacturing allows it to iterate faster and with greater precision than its competitors."

SQC employs over 100 people in Sydney and expects this investment to further support the expansion of roles in quantum engineering, chip design, hardware engineering, and sales. Founder and CEO Michelle Simmons noted that the funding will accelerate the company's long-term goals. "From its inception, SQC's mission has been clear: to manufacture the world's first commercial silicon quantum computer in Australia," Simmons said. "Our globally unique manufacturing capabilities give us a decisive advantage in the global race, and the NRFC's investment enables us to accelerate this mission."

The NRFC revealed that this investment is part of a broader funding round, with existing investors including Commonwealth Bank, Telstra, the University of New South Wales, the New South Wales Government, and the Australian Government. Additionally, on June 11, 2026, the NRFC announced an additional AUD 40 million investment in SQC to support and expand the company's quantum chip manufacturing capabilities.

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