Mayor Mamdani Announces New NYU Quantum Fabrication Facility, First-of-its-Kind Partnership to Give City a Stake in Emerging Industry
New York City is granting $29.2 million to NYU for QFab, a 23,000-square-foot quantum chip fabrication and testing facility that NYU is backing with $255 million. The city will hold advisory board seats and a 15% share of intellectual property proceeds, a structure the mayor's office describes as a first-of-its-kind public-equity model for municipal quantum hardware. QFab is scheduled to open in 2030.
The city's 15% IP revenue stake could become a template for other municipal governments negotiating co-investment in quantum fabrication facilities within the next two years.