Norgard
PsiQuantum

PsiQuantum#50

Quantum ComputingPhotonicsFault-Tolerant
$41.60 3.3%per share
$61.57$51.58$19.97$12.481st Apr7th Apr15th Apr23rd Apr29th Apr

About

PsiQuantum is building the world's first commercially useful, fault-tolerant quantum computer using a photonic, silicon-based architecture manufactured with standard semiconductor processes. It is constructing utility-scale quantum computing facilities in Brisbane, Australia and Chicago, USA.

From X

Molly O’Shea
Molly O’Shea@MollySOShea

NEW: Inside @PsiQuantum's Silicon Photonic Chipset *Never-Before-Seen* With Er-Xuan Ping, SVP, Barium Titanate (BTO) Development Backdrop: the U.S. government just announced a $2B push into domestic quantum computing manufacturing - but what does that actually fund? The @CommerceGov Department recently awarded PsiQuantum $100M to accelerate development of BTO, giving a rare look into the underlying manufacturing stack required to scale fault-tolerant quantum computing. We profiled PsiQuantum last September following its $1B Series E, including how the company produces the world’s highest-performing optical switch - a core component of its silicon photonics platform. PsiQuantum is currently the only company or institution in the world manufacturing this BTO material for optical switches at 300mm scale. While the company built this silicon photonics platform for fault-tolerant quantum computing (FTQC)*, the implications may extend far beyond quantum itself. As AI data centers increasingly shift from copper to optical networking, PsiQuantum’s photonics stack could also become foundational infrastructure for next-generation AI systems. *Fault-tolerant quantum computing (FTQC) refers to quantum computers that can continue operating accurately even when individual quantum bits (“qubits”) are noisy or error-prone. Shoutout to @PeteShadbolt

John Macgowan
John Macgowan@john_macgowan

Like much of Hewson's output, this article completely misses the point about Australian technological innovation. Australia is currently on the cutting edge of two of the most important frontier technologies - biochips and quantum computing. In the case of Cortical Labs, the Australian government contributed $845,000 in grants. Meanwhile, the US Government has invested millions into the company via In-Q-Tel, the CIA's venture capital firm. When the technology is ready for market, when Cortical Labs goes public - the US, not Australia, will end up having the actual influence. Similarly, when the Commonwealth and Queensland Governments cut their deal with PsiQuantum to secure construction of the first quantum computer in Brisbane, the vaunted billion dollar agreement actually only includes $250 million in actual share equity, with the remainder in loans. The most important, world shaking technology of the next 50 years, a deal that will see it constructed here in Australia, and instead of owning a real slice of it - all we get is some interest. This is ripe for policy for a serious nationalist government. We need to stop giving away Australian innovation for free, especially when its as strategically important as low wattage room temperature chips or computers that rewrite the very laws of reality. We need to look at how Taiwan boot strapped its superconductor industry in the 1970s - the Taiwanese government is still the majority shareholder in the Taiwan Semiconductor Manufacturing Company, a strategic capability so important that the entire Western world is willing to risk nuclear war to protect it.

B Talent
B Talent@minc798

IBM to hire 750 people at the upcoming quantum computing park on Chicago's south side. A handful of companies + DARPA is set to operate there on the future. PsiQuantum for example is planning for 150 new jobs there. New jobs in AI, quantum tech, etc https://t.co/6EOYzDdYpR

Pete Shadbolt
Pete Shadbolt@PeteShadbolt

A great friend to PsiQuantum since the early days of the company. Thoreauvian contrarian and semiconductor industry legend… thrilled to welcome Lip-Bu to our team

Pete Shadbolt
Pete Shadbolt@PeteShadbolt

Very grateful we can now make this public. Victor’s appointment brings decades of experience to PsiQuantum as we transition into a new and exciting phase for the company

News

Polls

Will PsiQuantum demonstrate a useful fault-tolerant quantum computer by 2029?

Yes 44%No 56%

Founders

Jeremy O'Brien
Jeremy O'BrienCo-founder & Executive ChairmanQuantum optics physicist who co-founded PsiQuantum in 2016 and served as CEO before becoming Executive Chairman.
Pete Shadbolt
Pete ShadboltCo-founder & Chief Scientific OfficerCo-founder who helped put the first quantum processor on the cloud; leads PsiQuantum's science.
Terry Rudolph
Terry RudolphCo-founder & Chief ArchitectTheoretical physicist and co-founder driving PsiQuantum's fault-tolerant architecture.
Victor Peng
Victor PengInterim CEOFormer AMD president and Xilinx CEO; appointed PsiQuantum's interim CEO in 2026.