There is a long history of this technology, and the comparison to cold fusion is unwarranted. This is peer reviewed, accepted science. The basic technique was worked out under a DoE study in Texas, with an Australian collaborator. She (Dr. Michelle Simmons, who is widely respected in this field) then Went out and raised money to scale-up.
The basic idea is that they use scanning probe microscopes to create structures on a silicon surface with atomic precision, which can then be manipulated by the surrounding chip as a solid-state qubit. You still need error correction, but it ends up being a small constant factor rather than combinatorial blowup.
Full disclosure: I’m fundraising a startup to pursue a different manufacturing process that would enable the same type of quantum computer, but with nitrogen vacancies in diamond instead of silicon (and therefore still higher reliability).
One way or the other, highly reliable quantum computers are right around the corner and are going to take a lot of people by surprise.