Jim Chalmers details plans to boost domestic manufacturing

On Tuesday, Albanese confirmed $1 billion in grants, equity stakes and loans would be made by the federal and Queensland governments to US-based PsiQuantum for it to establish the world’s first commercial-scale useful quantum computer.Chalmers will argue the world faces its most challenging strategic environment since World War II as countries deal with decarbonisation, national security challenges and a dramatically altered economic outlook.He said Australia would target its government support at areas such as quantum computing, refining of critical minerals and renewable hydrogen as it…