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takyon [soylentnews.org] writes:

Physicists at the University of New South Wales in Australia have received $26 million from the federal government and $10 million from the Commonwealth Bank and Telstra [itnews.com.au] to advance work on a silicon-based quantum computer [theregister.co.uk]:

Telstra and the Commonwealth Bank have each pledged $10 million in cash and in-kind support over the next five years for research into the development of silicon quantum computing technology in Australia.

The funds will go to the Centre for Quantum Computation and Communications Technology [cqc2t.org] (CQC2T), which is headquartered at the University of New South Wales.

It comes just a day after Prime Minister Malcolm Turnbull announced an additional $26 million over five years for CQC2T as part of the federal government's innovation plan.

The funds will go towards the development of a silicon quantum integrated circuit, as part of a broader bid by researchers to build the world's first silicon-based quantum computer.

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