The 500-acre site would become home to the world's first commercially useful quantum computer.
CHICAGO -- The long-vacant U.S. Steel South Works site on the Far South Side will be transformed into a massive quantum computing campus.City and state officials announced Thursday that PsiQuantum will build the new Illinois Quantum and Microelectronics Park, which would be home to the world's first commercially useful quantum computer.
The Pritzker administration is providing a total of $500 million in the 2025 state budget for the development of the quantum park, including $200 million in financial incentives for the project, in exchange for a minimum investment of $1.09 billion by PsiQuantum. Another $200 million from the state will go to construction of a cryogenic cooling plant for the quantum computer.
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