Exciting Announcement in Chicago: New Research Facility Development
Officials in Chicago are gearing up to unveil an exciting new development on Thursday – the Illinois Quantum and Microelectronics Campus (IQMP). This state-of-the-art research facility will be situated on the site of the former U.S. Steel South Works on the city’s South Side, marking a significant advancement in the region’s technological landscape.
Key Partnerships and Investment in Quantum Technology
The IQMP project represents a crucial public-private partnership between Related Midwest and CRG, signaling a major milestone in the state’s commitment to cutting-edge innovation. With Illinois already having invested $500 million in quantum technology, the establishment of IQMP will solidify the state’s position as a global quantum center.
PsiQuantum: Leading the Way in Quantum Computing
PsiQuantum, the anchor tenant of the IQMP campus, is set to pioneer the development of the first full-scale, fault-tolerant quantum computer in the United States. This groundbreaking technology is poised to revolutionize various industries, enabling expedited drug development processes and driving advancements in materials science and sustainable energy solutions.
Transitioning to the official announcement event, a press conference is scheduled to take place at Steelworkers Park on Thursday at 1 p.m. Illinois Governor JB Pritzker and Chicago Mayor Brandon Johnson are expected to deliver speeches, shedding more light on the project and its broader implications. Attendees can anticipate detailed insights into the IQMP and the comprehensive master plan for 8080 S. Lake Shore Drive during the press conference.
For those unable to attend in person, WGN will be broadcasting the live press conference at 1 p.m., ensuring widespread coverage and accessibility to this momentous occasion in Chicago’s technological landscape.
