Vice president analyst at technology research firm Gartner Inc. PsiQuantum has a unique advantage compared with its peers because it is partnering with a chip foundry to manufacture its quantum processors using the latest semiconductor equipment, said are building quantum computers using different technological approaches. The Wall Street Journal recently reported that Intel is in talks to buy GlobalFoundries for about $30 billion. GlobalFoundries sells chips to more than 250 customers globally, including the U.S. PsiQuantum struck a deal with GlobalFoundries, announced in May, to build its quantum chips at GlobalFoundries’ manufacturing facilities. “We’re putting new devices into the chip that we don’t have today,” Dr. One example of such a component is a more efficient waveguide, which is used to route photons inside the chip. One of the challenges that PsiQuantum will need to overcome is that it will need to introduce new, higher-performance components into its existing manufacturing process.
All of the founders have doctorates and backgrounds in either researching or teaching physics and electrical engineering. Who is chief technologist, and Terry Rudolph, chief architect. One of the advantages of this method is that it could help the machine perform reliable calculations without errors, saidĬo-founder and chief strategy officer. PsiQuantum plans to build its machine using photons, or particles of light, as qubits. Quantum computers use quantum bits, or qubits, which represent and store information in a quantum state that is a complex mix of zero and one. Traditional computers store information as either zeros or ones. This year, quantum-computing companies raised $262.8 million through July 23, according to PitchBook, which means PsiQuantum’s deal increases total funding so far in 2021 to more than $700 million.īy harnessing quantum physics, quantum computing has the potential to sort through vast numbers of possibilities in nearly real time and come up with a probable solution.
Globally, quantum-computing companies landed $779.3 million in venture financing across 77 deals in 2020, surging from $288.3 million in 69 deals in 2019, according to research firm PitchBook Data Inc.
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