QUANTUM COMPUTING : SILICON QUANTUM COMPUTING BUILDING CHIPS

What happened: Michelle Simmons, founder and CEO of Silicon Quantum Computing, said her company is establishing an atomic-scale chip plant in Sydney, which she called the first in the world. A spokesman said a new facility would be announced but gave no location, timing or cost. Key numbers: National Reconstruction Fund put $60 million into SQC this year. Why it matters: Simmons said demand is outstripping SQC's production capacity, with tens of customers seeking the chip after Telstra and Schneider announcements. She said the funding played a key role in the new facility. Coverage: 5 outlets in 24h

Michelle Simmons, founder and CEO of Silicon Quantum Computing, said her company is establishing an atomic-scale chip plant in Sydney, which she called the first in the world. A spokesman said a new facility would be announced but gave no location, timing or cost.

Simmons said demand is outstripping SQC's production capacity, with tens of customers seeking the chip after Telstra and Schneider announcements. She said the funding played a key role in the new facility.