Scott A. Mcgregor, Diraq Chairman, and Andrew Dzurak, Diraq CEO Another strong signal that the quantum industry is entering its commercialisation phase. Portfolio company Diraq has appointed former Broadcom CEO and semiconductor industry veteran Scott A. McGregor as Chairman of the Board. McGregor's experience scaling global semiconductor businesses aligns closely with Diraq's silicon-based approach to quantum computing and its ambition to deliver commercially relevant quantu

Recent headlines have focused on quantum computing's long-term potential, but the industry's most significant developments are increasingly centred on practical applications. In a newly released white paper, Q-CTRL outlines how quantum computing and quantum infrastructure software could deliver operational advantages for complex defence logistics, planning and optimisation challenges as early as 2027. The report highlights use cases ranging from convoy routing and strategic a

Diraq has signed a Letter of Intent with the U.S. Department of Commerce for up to US$38 million in proposed funding under the CHIPS and Science Act, marking a significant endorsement of its silicon-based quantum computing technology. The funding is intended to support the development and scaling of domestic manufacturing capabilities for quantum processors in the United States, reinforcing the growing strategic importance of quantum technologies. The announcement also highli

Australian quantum computing company Diraq has announced that founder and CEO Andrew Dzurak has been elected a Fellow of the Australian Academy of Science, one of the country’s highest scientific honours. The recognition reflects Professor Dzurak’s pioneering work in silicon-based quantum computing and his contribution to advancing scalable quantum technologies. The appointment highlights the growing global recognition of Australia’s leadership in quantum research and commerc

Q-CTRL has announced a major milestone in quantum computing, demonstrating a 3,000-fold speedup in materials simulation for the energy sector using its infrastructure software on the IBM Quantum Platform. The breakthrough provides evidence of “practical quantum advantage”, where a quantum computer outperforms classical methods on a commercially relevant problem. This achievement highlights the growing real-world potential of quantum computing to accelerate materials discovery

Diraq is taking a different approach to scaling quantum computing by building its technology to work directly with the same manufacturing processes used to produce everyday computer chips. This compatibility with standard CMOS fabrication means quantum processors can be developed using existing semiconductor infrastructure, rather than requiring entirely new systems. By aligning with proven chip-making technology, Diraq aims to make quantum hardware easier to produce, more re

Q-CTRL has been named to TIME’s inaugural list of 100 Industry Leaders for 2026, recognising its role in advancing the practical application of quantum technologies. Selected among the most influential companies shaping emerging “new frontiers,” the recognition highlights Q-CTRL’s progress in delivering real-world quantum solutions across defence and enterprise, from GPS-independent navigation systems to scalable quantum computing infrastructure. Read the full announcement he

ICM HPQC Fund's Q-CTRL and IonQ are advancing the practical performance of near-term quantum systems through the integration of Fire Opal with IonQ’s Forte processors. Rather than focusing on hardware scaling alone, the collaboration targets the algorithm–hardware interface, where noise, control errors and circuit inefficiencies typically degrade results. Fire Opal operates as a hardware-aware optimisation layer, automatically refining quantum circuits and execution parameter

Diraq is pushing quantum computing beyond the lab by focusing on how it can be built and scaled in the real world. Rather than relying on specialised, experimental setups, its approach uses silicon-based qubits that can be manufactured using the same processes as conventional computer chips. This shift is important because it tackles one of the biggest challenges in quantum computing: moving from small, fragile systems to large, reliable machines. By using established semicon

ICM HPQC Fund's Q-CTRL and Equal1 are targeting a critical bottleneck in quantum computing adoption: the operational complexity of deploying and maintaining quantum systems at scale. Their collaboration integrates autonomous calibration and performance management directly into silicon-based quantum hardware, enabling systems to function with minimal human intervention. Rather than advancing qubit performance alone, the partnership focuses on system-level automation - embeddin

Join Diraq's CEO Andrew Dzurak from NVIDIA’s latest GTC 2026 session. Andrew highlights the accelerating convergence of AI infrastructure and next-generation computing architectures, with a clear focus on scaling performance to meet surging global demand. The discussion reinforces a central ICM HPQC Fund theme: that breakthroughs in compute are increasingly being driven not just by software, but by advances across the full hardware and systems stack - from chips to interconne

Diraq's unique silicon-based architecture is scalable, economical, deployable, and powerful — and is drawing on the NVIDIA NVQLink platform. Australian quantum computing company Diraq has announced a collaboration with NVIDIA to advance hybrid quantum–classical computing architectures aimed at achieving utility-scale performance. By integrating quantum processors with high-performance GPU-based systems, the partnership seeks to enable real-time control, error correction and s

Q-CTRL, in partnership with Elevate Quantum and a consortium of leading collaborators, has announced the launch of the United States’ first open-architecture quantum computing system. Delivered in record time, the platform represents a significant step towards commercially viable, modular quantum infrastructure—designed to accelerate real-world deployment and interoperability across the quantum ecosystem. Read the full announcement here .

ICM HPQC News Flash – February 2026 highlights recent developments across the fund’s portfolio and broader high-performance and quantum computing ecosystem. The update covers key portfolio milestones, technology progress and industry trends shaping the next generation of advanced computing infrastructure. Highlights at a glance Portfolio progress: Updates from companies across the HPQC ecosystem, including developments from Q-CTRL, Diraq, Salience Labs and Mixx Technologies

We are pleased to see ICM HPQC Fund's portfolio companies Diraq and Q-Ctrl recognised in this latest announcement by the International Year of Quantum Science and Technology (IYQ), a United Nations-declared year, launching the Quantum 100: “Dedicated, Inspiring, and Supportive”; UNESCO 2025 International Year of Quantum Science and Technology Announces Quantum 100 to Celebrate Global Community - IYQ 2025 Congratulations to Professor Andrew Dzurak of Diraq and Michael Biercu

Our ICM HPQC Fund continues to see excitement in the next-generation computing space. In this newsflash, they cover: A look back at an exceptional year for compute and AI infrastructure: Market trends shaping hyperscaler investment, data-centre expansion and energy constraints The rise of agentic AI, productivity tools and record valuations across the sector A breakout year for quantum computing, government initiatives and strategic momentum How these shifts position ICM HPQC

2025 was the International Year of Quantum, and Q-CTRL delivered real commercial Quantum Advantage while expanding global deployments across computing and sensing. Read their full update here .

Professor Andrew Dzurak, a leading figure in quantum technology, has been recognised with the Innovation Leadership Award at the 2025 InnovationAus Awards for Excellence, honouring over 20 years of groundbreaking work in silicon-based quantum computing. Read the full article here .

InnovationAus.com 's recognition of Q-CTRL highlights its strong progress across quantum software and control engineering, as well as the milestone launch of its quantum-assured inertial navigation system, Ironstone Opal, earlier this year. Read the full article here .

Q-CTRL, the global leader in quantum infrastructure software, QuantWare, the world’s highest-volume supplier of commercial quantum processing units, and Qblox, the global leader in quantum computing control stacks, announced the launch of the Quantum Utility Block (QUB), a family of full-stack, pre-validated quantum computer reference implementations built on a modularised architecture. The QUB model is designed to give quantum system purchasers and adopters an accessible, co