New York City awards NYU $29.2m for Quantum Fabrication Facility

New York City will give NYU $29.2 million to establish the Quantum Fabrication Facility (QFab), a 23,000 sq ft site at 770 Broadway offering quantum chip manufacturing, testing and workforce training. NYU will invest a further $255 million for construction and ten years of operations, while the city gets board seats and a stake in technologies developed there.

• City awards NYU $29.2m for the QFab quantum facility
• QFab will span 23,000 sq ft at 770 Broadway
• NYU to invest $255m in construction and 10 years of operations
• Facility expected to support over 100 companies in its first decade