Aug 10, 2022   SOURCE: BusinessWire

SEEQC Applauds Final Passage of CHIPS and Science Act of 2022

Today, following a successful bipartisan passage of the CHIPS and Science Act of 2022 in the United States Senate and the U.S. House of Representatives, President Joe Biden signed the bill into law.

The CHIPS and Science Act invests billions of dollars toward domestic semiconductor manufacturing and science research supporting innovative chip manufacturers, like SEEQC. For our firm, state of the art high speed and energy efficient superconductive chips lie at the core of our approach to developing full-stack quantum computing solutions. Since SEEQC builds and operates a world-leading superconductive chip foundry and milliKelvin test center, the act represents a significant opportunity for current and future work.

The act also includes critical funding for multiple quantum computing initiatives to support innovation on developing a quantum network infrastructure, national research on quantum computing, quantum workforce development investments and establishing access to U.S. quantum computing hardware and clouds for research purposes.

SEEQC released a statement today from its CEO John Levy, on the importance of this landmark legislation: “The passage of the CHIPS and Science Act provides an important step forward in American innovation, competitiveness and national security in superconductive chip manufacturing and research and in the advancement of equally important development of quantum computing systems, networks and infrastructure.

"SEEQC plays an important role in both chip manufacturing and quantum computing systems and therefore stands to benefit from this act in many ways: we are developing a fully digital quantum computing platform for businesses, our platform is based on a unique chip-scale architecture, and we operate a leading superconductive chip foundry and milliKelvin test center in Elmsford, New York.

"Our multi-layer superconductive electronics chip fabrication facility is among the most advanced in the world. This facility powers the development and manufacturing of superconductors for customers today and is an important research and development facility for the commercially viable quantum computing systems of tomorrow.

"Additionally, SEEQC strongly supports the initiatives within the CHIPS and Science Act that support education and workforce development activities, including a fellowship, around quantum science. While we have many leaders and experts across our universities, research institutions and corporations today, we need to work towards a diverse, flexible, and sustainable quantum workforce for the future. These initiatives will build on our existing academic partnerships and active internship programs.

"We’d like to thank the New York congressional delegation for its support of this critical piece of legislation, which will help further development in advanced chips and quantum computing in several local area foundries including SEEQC’s. As this important legislation is now signed into law by President Biden, we look forward to expanding the critical and collaborative work with our commercial, academic and U.S. government customers and partners.”

Senate majority leader and author of the CHIPS and Science Act Chuck Schumer also weighed in on the bill’s impact on quantum computing.

“With the historic investments made in the CHIPS and Science Act, I am thrilled that SEEQC is now looking to further expand its Elmsford-based foundry facility in Westchester County. This legislation means lowering costs for families, strengthening our national security, creating new high-paying jobs, and bringing manufacturing back to Westchester and the Hudson Valley,” said Schumer. “With its rare combination of a world-class workforce, advanced manufacturers, and renowned higher education institutions, I wrote and championed this legislation with New York always at the forefront of my mind and now, with high-tech companies like SEEQC looking to expand, we are poised to be a national leader in microchips and other tech industries.”

ABOUT SEEQC

SEEQC is developing the first fully digital quantum computing platform for global businesses. SEEQC combines classical and quantum technologies to address the efficiency, stability and cost issues endemic to quantum computing systems. The company applies classical and quantum technology through digital readout and control technology and a unique chip-scale architecture. SEEQC’s quantum system provides the energy- and cost-efficiency, speed and digital control required to make quantum computing useful and bring the first commercially-scalable, problem-specific quantum computing applications to market.

The company is one of the first companies to have built a superconductor multi-layer commercial chip foundry and through this experience has the infrastructure in place for design, testing and manufacturing of quantum-ready superconductors. SEEQC is a spin-out of HYPRES, the world’s leading developer of superconductor electronics. SEEQC’s team of executives and scientists have deep expertise and experience in commercial superconductive computing solutions and quantum computing. SEEQC is based in Elmsford, NY with facilities in London, UK and Naples, Italy.