The race for quantum supremacy has a new frontrunner. Diraq, an Australian leader in silicon-based quantum computing, announced a major $20 million investment this week to transition from lab prototypes to “Utility-Scale” machines.
Unlike their competitors who use exotic materials, Diraq uses silicon qubits, which means they can build quantum processors in the same factories that already make laptop and phone chips.
The February 2026 Outlook:
- Scalability: By using silicon, Diraq aims to reach millions of qubits—the number required to solve massive problems like carbon capture and new drug discovery.
- Stabilization: After the “Quantum Sell-off” of January 2026, this investment signals that big capital is returning to the sector, but only for companies with clear paths to commercialization.
- National Hubs: This investment solidifies Australia as a “Quantum Powerhouse,” alongside the new $4M testbed recently launched in New Mexico.