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Home»Investment»Governor JB Pritzker Announces Historic $500 Million Investment Aligned with CHIPS and Science Act
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Governor JB Pritzker Announces Historic $500 Million Investment Aligned with CHIPS and Science Act

The Elite Times TeamBy The Elite Times TeamFebruary 26, 2024No Comments7 Mins Read
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Chicago, February 26, 2024–(BUSINESS WIRE)–Innovate Illinois Chairman and Governor JB Pritzker announced a groundbreaking proposal to allocate $500 million to advance Beyond Silicon quantum technology in the state. This significant investment, part of the state’s latest budget proposal, is poised to position Illinois as a national leader in advances in the semiconductor industry, quantum computing, and artificial intelligence. The proposal includes the development of a state-of-the-art campus with cryogenic facilities essential for research and development of next-generation microelectronics and quantum technologies. The creation of the facility and accompanying quantum campus, which received $300 million of the total investment, is part of the state’s commitment to foster cutting-edge research and development, including design, testing, and packaging, at the intersection of the semiconductor industry and quantum information technology. It emphasizes efforts.

“We are already solidifying our position as a top hub for quantum development, and we are poised to take another leap forward. By ensuring timely and strategic investments and demonstrating unwavering commitment, we will continue to support private industry and the federal It builds trust in government,” said Governor JB Pritzker.

This investment is part of a broader strategic move to leverage billions of dollars in federal funding available to the technology sector, strengthening Illinois’ role as a leader in the domestic and global technology race, and strengthening Illinois’ national semiconductor It coincides with Illinois’ efforts to secure a headquarters for the technology center. (NSTC) Based on CHIPS and Science Law.

“Innovate Illinois is at the heart of Governor Pritzker’s vision to secure CHIPS and Science Act funding and align investments in Illinois with an unparalleled network of public-private partnerships to build a brighter future for our nation. “Yes,” said Prime Minister Robert J. Jones. , Co-Vice Chair of Innovate Illinois, University of Illinois at Urbana-Champaign. “Illinois has a tremendous amount of resources to advance research and innovation in areas essential to our collective prosperity, including the bioeconomy, microelectronics, quantum industries, sustainable technology, manufacturing, and diverse workforce development.” We have incredible assets and expertise.”

The state’s history of attracting federal grants and private investment, particularly in quantum technology, further solidifies its position as a leader in quantum technology. The block, a proposal aimed at developing the future quantum information science and engineering (QISE) industry, was named an EDA Regional Innovation Hub in August, one of two EDA Regional Innovation Hubs in the state. . The project is expected to generate an estimated $8.7 billion by 2035 and create up to 8,000 high-wage jobs in the region.

Illinois’ quantum ecosystem, supported by Fermi National Accelerator Laboratory and the U.S. Department of Energy’s Argonne National Laboratory, provides a solid foundation for this ambitious project. These national labs are part of the Chicago Quantum Exchange, the nation’s largest university-led quantum initiative, led by the University of Chicago, University of Illinois at Urbana-Champaign, University of Wisconsin-Madison, and Northwestern University. is.

This historic investment is expected to foster innovation, create job opportunities, and strengthen economic resiliency in Illinois and across the nation. This will ensure a prosperous future for other regions.

About Innovate Illinois

Innovate Illinois is a strong, coordinated effort to secure unprecedented levels of federal funding made available through landmark legislation such as the bipartisan Infrastructure Act, the CHIPS and Science Act, and the Inflation Reduction Act. This is a public-private alliance established to promote this. By securing more federal funding for key technologies, the state will be encouraged to attract more companies and investors to grow Illinois’ vibrant technology ecosystem.

Supporting quotes:

Jay Gambetta, IBM Fellow and Vice President, IBM Quantum: “Illinois’ capital investment represents a long-term strategy to explore new technological frontiers. “This is an important step towards building a strong talent pool for the future of computing and quantum science. Together, we will ensure that the next generation of quantum scientists and engineers We aim to help them move forward.”

University of Chicago President Paul Alivisatos: “The University of Chicago is deeply committed to quantum science and technology research and is committed to partnerships with leading research universities and national laboratories as we form one of the world’s leading quantum technology communities. “Governor Pritzker is fostering an innovation environment in Illinois, and this announcement will further these efforts. will lead to extraordinary progress in

Citizens Committee Chairman Derek Douglas: “The state’s innovative investments position our region to lead in quantum computing and advanced computing. It will also attract federal investment and drive inclusive economic growth in the most important technology sectors. “Chicago’s technology industry has a $51.2 billion economic impact and employs more than 150,000 technology jobs.

Brad Henderson, P33 CEO: “Governor Pritzker’s pivotal announcement marks another important step forward for Illinois to lead the nation in advancing quantum technologies beyond silicon. As a leading hub for , semiconductor innovation and artificial intelligence, we are driving “towards progress, driving economic growth and ensuring a prosperous future for all.” ”

Mark Denzler, President and CEO of the Illinois Manufacturers Association: “Illinois is at the forefront of this innovative technology and is uniquely positioned to grow and expand our quantum footprint. of innovative manufacturers, world-renowned universities, and national laboratories are an ecosystem of endless opportunities to unlock. We are encouraged by the Governor’s leadership in this area and strongly support his $500 grant.”The establishment of a quantum campus and the development of a cryogenic laboratory will help Illinois We invested $1 million to ensure we remain at the forefront. ”

Chicago State University President Scott CSU is also the state convener of the Lewis-Stokes Alliance for the University of New York, which is the state convener of the Lewis-Stokes Alliance for National Science Foundation funding in the areas of semiconductors, microelectronics, and quantum sensing coupled with nanoscale biomolecules. As research continues, quantum workforce pathway programming is poised to dramatically expand. The talent of all Illinoisans, including Black and Latinx communities, is fully represented in the quantum ecosystem. ”

Jack Lavin, President and CEO of the Chicagoland Chamber of Commerce: “Illinois is home to advanced economic ventures like 1871 and the Discovery Partners Institute, as well as many institutions designed to foster economic development.” Thanks to Governor Pritzker’s leadership, investments in quantum development are no exception, building on Illinois’ already strong technology ecosystem and future potential. Between the governor’s $500 million investment in enabling federal funding opportunities and supporting the state’s development, the state of Illinois, with its arts campus and related facilities, is poised to become one of the most significant technological developments of the 21st century. We are well positioned to become a global leader in our field.”

“Illinois Tech’s National Institute for Advanced Manufacturing and the state’s ambitious investments in quantum computing will drive innovation and advanced skills,” said Kenneth T. Christensen, Illinois Institute of Technology’s provost and senior vice president for academic affairs. This commitment is a testament to our shared vision for a future that is about more than just technological advances; it is about building a sustainable, skilled workforce that can lead the next wave of U.S. manufacturing and quantum research and development. is aimed at.”

Josh Richman, PsiQuantum Senior Vice President of Corporate Development: “Governor Pritzker’s leadership in quantum has been noticed across the industry. Illinois is now combining this state funding with additional federal and private funding. There is a huge opportunity to leverage the quantum computing industry and continue to grow the quantum community.”Building the types of public-private partnerships needed to scale the quantum computing industry. ”

View source version on businesswire.com. https://www.businesswire.com/news/home/20240222542467/en/

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Jody Sirott, DCC Marketing
jsilotto@dccmarketing.com, 765-543-8175

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