Lip-Bu Tan, the CEO of Intel Corporation (NASDAQ:INTC), has taken on a new role as a board member of quantum computing firm PsiQuantum, which is currently valued at $7 billion.
“Their focus on fault-tolerant systems that can be manufactured at scale using the semiconductor industry sets them apart,” Tan told Semafor on Thursday, as he commended PsiQuantum’s unique approach.
PsiQuantum is strengthening ties with the semiconductor industry as it advances scalable, error-tolerant quantum computers using photonic qubits. The company is expanding chip manufacturing and building facilities in Brisbane and Chicago, aiming to launch its Brisbane site next year ahead of many rivals.
The company is backed by big tech like Microsoft Corp. (NASDAQ:MSFT) and Nvidia Corp. (NASDAQ:NVDA), among others.
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