Jacobs (NYSE: J) shares began Wednesday negative, after the company was selected by PsiQuantum, a global leader in quantum computing, as the Owner's Representative for its new quantum computing facility at the Illinois Quantum and Microelectronics Park in Chicago, delivering end-to-end support across design and construction.
The Chicago project broke ground in September, and during the initial phase of site development, PsiQuantum will build an intermediate-scale test system, which will further validate quantum architecture and performance.
“Following this milestone,” read this morning’s news release, “the company will initiate additional construction phases, ultimately working toward the deployment of the first utility-scale, fault-tolerant quantum computer in the United States.
Jacobs President of Global Operations Patrick Hillsaid: "At Jacobs, we work with clients at the leading edge of technology. By continuing our collaboration with PsiQuantum on projects in the U.S. and Australia, we are powering the next era of quantum computing infrastructure, and our global multidisciplinary approach and mission-critical design experience delivers solutions that are shaping the future of technology."
Jacobs will provide project management, architectural and engineering consultancy services and oversee the collaboration among architects, engineers, contractors, and stakeholders, while proactively managing budgets, schedules, and quality to drive project excellence.
J shares gave way 46 cents, early Wednesday to $150.30.
Tech Insider
