Market Research Report: Silicon Quantum Computing (SQC)

Company Overview

Name, Mission of the Company

• Name: Silicon Quantum Computing (SQC)

• Mission: Silicon Quantum Computing’s vision is to harness the power of quantum computing to create technology at the cutting edge of science and use it in ways that are life-enhancing, human-centred, and world-changing.

Founding Information

• Founded: May 2017

• Founders: Key intellectual property was developed at the Australian Centre of Excellence for Quantum Computation and Communications Technology (CQC2T), led by Michelle Simmons AO.

Key People in the Company

• Founder & Director: Michelle Simmons AO

• President & CIO: Ian R. Hill

• VP of HR: Olivia Haigh

• General Manager: Benjamin Matthewson

• Senior IP Counsel: Komal Pahwa

• Additional Board Members:

• Chair: Simon Segars

• Non-Executive Directors: Fiona Pak-Poy, Hugh Bradlow, Kim Krogh Andersen, David Whiteing, Chris Austin, Michael Rose

Headquarters

• Location: Sydney, Australia

Number of Employees

• Employees: Over 70 scientists and engineers

Revenue

• Revenue: No information is available

What is the Company Known For

• Specialization: SQC is known for its pioneering work in atomic-scale manufacturing of quantum devices, world’s first single-atom transistor, narrowest conducting wires, and high-fidelity encoding of information on single atoms.

Products

Offered Products

• Quantum Computers: Developing scalable, error-corrected quantum computers based on atom qubits in silicon.

• Description: Atomically precise manufacturing of quantum processors and qubits, leveraging silicon for scalability and high-fidelity operations.

• Key Features:

• Atomic Precision: Ability to pattern qubits and control gates with sub-nanometer precision using scanning tunnelling microscopy (STM).

• High Fidelity Operations: Achieved two-qubit gate fidelities as high as 99.98%.

• Scalability: Strategy to scale from 10-qubit to 100-qubit architectures within the next 5 years.

• Quantum Sensors: High precision, long-range qubit read-out sensors utilizing single crystal silicon for minimal charge noise and high qubit/sensor ratio.

Recent Developments

Recent Developments in the Company

• Awards:

• 2023 Prime Minister’s Prize for Science: Awarded to CEO Michelle Simmons for achievements in atomic electronics.

• Partnerships and Investments:

• Series A Capital Raising: Closed a $50.4 million Series A round to fund the manufacturing of scalable, error-corrected quantum computers.

• Key Investors: Commonwealth Government, Commonwealth Bank of Australia (CBA), Telstra, University of New South Wales (UNSW).

• Facility Enhancements: Investments of over A$15 million into specialist equipment and lab infrastructure at UNSW Kensington campus.

New Products Launched

• Four-Qubit Quantum Device: Demonstrated high-fidelity initialisation and control of electron and nuclear spins in a four-qubit register.

New Features Added to Existing Products

• High-Fidelity MVOWF Readout Sensors: Achieved integrative readout of multiple qubits with high fidelity using single lead, single crystal sensors.

• Wavefunction Control: Integration of STM lithography, ion implantation, and local gate control to map and control qubit wavefunctions directly under device conditions.

New Partnerships

• Board Appointment: Simon Segars, former CEO of Arm Holdings, appointed as Chair, along with Fiona Pak-Poy as new Non-Executive Director.

• Recognition: Multiple public engagements and recognitions including the 2023 Boyer Lectures by CEO Michelle Simmons, highlighting the roadmap and insights into SQC’s quantum computing advancements.

Silicon Quantum Computing continues to innovate in the quantum computing space, leveraging significant investments, strategic partnerships, and pioneering research to push the boundaries of what is possible in quantum technology.