Briefings

Australia’s AU$940M PsiQuantum Deal, EU Post-Quantum Cryptography Push, and Japan’s Export Control Expansion Lead April 2024

30 April 2024

April 2024 was defined by the largest single government commitment to a quantum computing company to date: Australia and Queensland’s combined AU$940 million investment in PsiQuantum to build a utility-scale photonic quantum computer near Brisbane. The European Commission moved to coordinate Member States on post-quantum cryptography transition, while Japan expanded its export control list to cover quantum computing technologies. In the United States, bipartisan legislation sought to centralize the Pentagon’s quantum efforts under a new Principal Quantum Advisor. Across Southeast Asia, the first structured cross-border quantum collaboration took shape, and the OECD introduced an anticipatory governance framework applicable to quantum technologies.

Australia: AU$940 Million PsiQuantum Investment Resets the Scale of Government Quantum Bets

What happened. The Australian Commonwealth and Queensland Governments announced a joint AU$940 million investment (approximately US$620 million) in PsiQuantum, a photonic quantum computing company co-founded by Australians. Each government committed roughly AU$470 million in equity and loans. PsiQuantum agreed to establish its Asia-Pacific headquarters near Brisbane Airport, with operations planned by end of 2027 and up to 400 skilled jobs. Separately, the Commonwealth awarded AU$18.4 million to the University of Sydney to establish Quantum Australia, a national centre for quantum industry growth.

Why it matters. The PsiQuantum deal is, by a wide margin, the largest single government commitment to a quantum computing company anywhere in the world. It signals that at least one national government is willing to treat utility-scale quantum computing as a near-term industrial bet rather than a long-horizon research investment. The structure (equity and loans, not grants) suggests the Australian government expects a commercial return, but also exposes taxpayers to considerable downside risk if PsiQuantum’s photonic approach fails to deliver fault tolerance at scale by the late 2020s. The AU$18.4 million for Quantum Australia, though modest by comparison, fills a different gap: ecosystem coordination, startup support, and awareness-building to complement the hardware investment.

What remains unclear. The selection process drew immediate criticism from the opposition on grounds of transparency and contestability; the Australian National Audit Office flagged a potential review. Whether the equity structure provides adequate protections for public funds has not been independently assessed. PsiQuantum’s technical milestones and performance triggers under the agreement have not been publicly detailed.

Who should care. Quantum hardware companies globally (as a competitive benchmark for government funding deals); Australian taxpayers and public finance specialists; photonic quantum computing researchers; governments considering similar equity-and-loan structures for deep tech.

European Commission: Coordinated PQC Transition Roadmap for Member States

What happened. On April 11, the European Commission published Recommendation (EU) 2024/1101, encouraging Member States to develop a coordinated strategy for transitioning to post-quantum cryptography. The recommendation called for clear goals, milestones, and timelines leading to a joint PQC Implementation Roadmap within two years. It endorsed hybrid deployment (combining PQC with existing cryptography or Quantum Key Distribution) in public administration systems and critical infrastructure, and called for a dedicated PQC work stream within the NIS Cooperation Group.

Why it matters. This is the EU’s most concrete step toward managing the “harvest now, decrypt later” risk at a continental scale. By framing PQC migration as a coordinated rather than national exercise, the Commission is trying to avoid the fragmentation that could arise from 27 Member States proceeding independently. The hybrid approach (PQC plus QKD) is politically significant, as it reflects ongoing European investment in QKD infrastructure while acknowledging the primacy of algorithmic solutions. The two-year timeline for a roadmap, followed by adaptation of national plans, sets a pace that is deliberate but not urgent.

What remains unclear. The recommendation is non-binding, and Member States’ willingness to align on timelines and priorities is untested. How the roadmap will interact with NIST’s finalization of PQC standards (then expected later in 2024) has not been specified. The cost of migration for small EU Member States with limited cryptographic expertise is unaddressed.

Who should care. CISOs and IT security teams in EU public administration and critical infrastructure; cryptography vendors and QKD providers operating in European markets; Member State cybersecurity agencies; transatlantic standards coordination bodies.

Japan: Export Controls Extended to Quantum Computing Technologies

What happened. On April 26, Japan’s Ministry of Economy, Trade and Industry (METI) announced plans to expand the country’s export control list to include quantum computing-related technologies alongside additional semiconductor items. The new controls would require export licenses for cryogenic CMOS circuits used in quantum computers, quantum computers themselves, scanning electron microscopes, and gate-all-around transistor technology. License requirements would apply to shipments to all destinations, including preferred trading partners. This represented Japan’s third round of export control expansion in under two years.

Why it matters. Japan’s move places quantum computing hardware explicitly within the scope of national security export controls, joining a small but growing group of countries treating quantum technologies as dual-use. The “all destinations” approach is notable: rather than targeting specific countries, Japan is asserting broad licensing authority over quantum-adjacent exports. Combined with new promotion measures published earlier in April to accelerate quantum industrialization toward 2030 goals, Japan is simultaneously tightening outbound controls and intensifying domestic development. This dual-track approach mirrors patterns seen in semiconductor policy.

What remains unclear. The scope of “cryogenic CMOS circuits used in quantum computers” as a control category raises definitional questions: whether this captures general-purpose cryogenic electronics or only quantum-specific components will depend on implementation guidance. The practical effect on Japan’s quantum export relationships, particularly with allied nations that already maintain similar controls, remains to be seen.

Who should care. Quantum hardware manufacturers and component suppliers with Japan-linked supply chains; export compliance teams at quantum computing companies; trade policy officials in allied nations aligning export control regimes; semiconductor equipment firms.

United States: Defense Quantum Acceleration Act Targets Pentagon Quantum Coordination

What happened. On April 10, Representative Elise Stefanik (R-NY) and Senator Marsha Blackburn (R-TN) introduced the Defense Quantum Acceleration Act in both chambers of Congress. The bill proposed designating a Principal Quantum Advisor to the Secretary of Defense, establishing a National Security QIS Adoption Acceleration Testbed, and directing the DoD to increase quantum education within military academies and armed forces institutions. The legislation received endorsements from IBM, IonQ, PsiQuantum, D-Wave, Atom Computing, Quantinuum, and the Quantum Industry Coalition.

Why it matters. The bill reflects a growing view in Congress that the Pentagon’s quantum investments, while substantial (approximately $700 million annually), lack centralized coordination. A Principal Quantum Advisor would elevate quantum’s institutional profile within the DoD, comparable to existing advisor roles for AI and biotechnology. The inclusion of workforce provisions and a testbed tied to Defense Innovation Unit funding ($55 million in FY2024) signals intent to move beyond basic research toward operational transition. That virtually every major U.S. quantum company publicly endorsed the bill reflects strong industry consensus on the need for a more structured defense customer.

What remains unclear. The bill was referred to committees but did not advance during the 118th Congress. Whether its provisions will be incorporated into a future National Defense Authorization Act or reintroduced in a subsequent session is an open question. How the proposed Principal Quantum Advisor role would interact with the existing Director of Quantum Science in the Office of the Undersecretary for Research and Engineering has not been clarified.

Who should care. U.S. defense quantum contractors and vendors; DoD program managers working on quantum applications; congressional staffers tracking emerging technology legislation; allied defense ministries considering similar coordination mechanisms.

Southeast Asia: First Structured Cross-Border Quantum Collaboration Takes Shape

What happened. On April 25-26, Thailand hosted the first meeting of quantum researchers from across ASEAN in Bangkok, organized by the Quantum Technology Research Initiative Consortium (QTRic). Twenty-three physicists from Thailand, Malaysia, Singapore, Indonesia, and the Philippines attended. The meeting led to the establishment of the Southeast Asia Quantum Network (SEA Quantum Network), a grassroots initiative bringing together scientists, industry leaders, and policymakers. Three pilot events were scheduled for 2025, and Malaysia was selected to host the ASEAN Quantum Summit.

Why it matters. Southeast Asia has been largely absent from international quantum governance discussions despite containing nations with growing research capacity and strategic interest in quantum-safe communications. The SEA Quantum Network is informal (it is not an official ASEAN body), but it represents the first structured attempt at regional quantum coordination in the region. For a group of countries where quantum policy infrastructure is nascent, even an ad hoc coordination mechanism creates a channel for aligning research priorities, sharing workforce development approaches, and eventually presenting a collective voice in international quantum forums.

What remains unclear. Whether the SEA Quantum Network will attract institutional backing from ASEAN or national governments, or remain a researcher-driven initiative. The degree to which Singapore’s comparatively advanced quantum ecosystem will shape the network’s agenda and priorities has not been addressed. Funding sources for the planned 2025 events are unspecified.

Who should care. ASEAN science and technology policymakers; international quantum cooperation offices looking for regional counterparts in Southeast Asia; quantum workforce development organizations; researchers and companies seeking emerging market engagement.

OECD: Anticipatory Governance Framework Covers Quantum Technologies

What happened. On April 24, ministers from more than 50 countries welcomed a new OECD Framework for Anticipatory Governance of Emerging Technologies at the OECD Science and Technology Policy Ministerial Meeting. The framework, which applies to quantum alongside other emerging fields, consists of five elements: embedding values in innovation, enhancing foresight and technology assessment, engaging stakeholders, building agile regulation, and reinforcing international cooperation. Ministers also called on the OECD to develop tools for monitoring education and talent mobility in research and innovation.

Why it matters. The framework establishes a governance vocabulary and set of principles that will likely influence how national quantum strategies incorporate risk management and public engagement. Its adoption at ministerial level gives it political weight, even though it is not binding. For quantum technologies specifically, the emphasis on “agile and adaptive” regulation addresses a real tension: quantum capabilities are evolving faster than regulatory frameworks, and existing technology-neutral regulations may not adequately address quantum-specific risks such as cryptographic vulnerabilities or dual-use concerns.

What remains unclear. How the framework will be operationalized for quantum technologies specifically, as distinct from AI or synthetic biology, has not been detailed. Whether OECD member states will allocate resources to the recommended foresight and assessment activities is an open question.

Who should care. National science and technology policy officials; quantum governance researchers; international organizations developing quantum-specific norms; standards bodies working on responsible innovation frameworks.

Also in April 2024

Saudi Arabia’s Centre for the Fourth Industrial Revolution launched its Quantum Economy project at a World Quantum Day event, becoming the first country to pilot the World Economic Forum’s Quantum Economy Blueprint as a framework for developing a national quantum ecosystem.

Denmark and the United Kingdom signed a Memorandum of Understanding on quantum technology cooperation, covering shared research infrastructure access, use case development, and annual bilateral dialogues, one year after Denmark published its national quantum strategy.

Chile’s Ministry of Science and Ministry of the Interior convened an Expert Commission on Quantum Technologies, an eight-member panel tasked with advising on public policies and strategies for quantum development with particular emphasis on cybersecurity, working for 120 days on a roadmap.

Brazil’s FAPESP launched the first call under its Quantum Technologies Initiative (QuTIa), aiming to recruit up to five early-career researchers to establish new quantum technology laboratories in São Paulo state, building on a roadmap produced at a 2023 symposium.


Detailed analysis of each development covered in this briefing, including cross-jurisdictional comparisons, implementation timelines, and sector-specific implications, is available to Quantum Policy Radar subscribers.

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