As the young people say: "Shit just got real."
First up, from Technology Magazine, February 22:
How Will PsiQuantum's New Interim CEO Scale its Operations?
PsiQuantum taps former AMD President Victor Peng as interim CEO to lead the execution of utility-scale quantum systems in the US and AustraliaSilicon photonics at scalePsiQuantum has announced a significant leadership transition as the company shifts from research and development into large-scale deployment of quantum computing infrastructure.
The move could signal a crucial phase for the commercialisation of fault-tolerant quantum technology.
Victor Peng, a computing industry veteran and former President of Advanced Micro Devices (AMD), has joined the firm as its interim CEO.
Co-Founder Jeremy O'Brien is transitioning to the role of Executive Chairman, where he will lead the Board of Directors and guide PsiQuantum's strategic direction and partnerships.
The leadership restructure positions PsiQuantum with experienced technology executives as it searches for a permanent CEO.
The broader leadership team includes Chief Scientific Officer Dr Pete Shadbolt, Chief Architect and Professor Prof Terry Rudolph and Mark Thompson, Chief Technologist.
Over the last decade, PsiQuantum has developed technologies aimed at delivering fault-tolerant quantum computers.Fault-tolerant refers to systems that continue operating correctly even when components fail, which could be essential for reliable quantum processing.
The company produces its mass-manufacturable silicon photonic chipset, Omega, which integrates optical circuits on silicon wafers.
This approach leverages existing semiconductor manufacturing infrastructure, potentially offering a pathway to scale that differs from other quantum computing architectures.
PsiQuantum's current technological focus encompasses advancing fault-tolerant algorithms through new platforms and partnerships.
It is also developing intermediate-scale test systems, exploring new cryogenic form factors and establishing what the company describes as the world's first utility-scale quantum computing sites in Brisbane, Australia and Chicago, Illinois....
....MUCH MORE, excellent reporting.
And from Chicago Construction News, March 9:
Steel rises at South Works as PsiQuantum breaks ground on quantum campus
Steel is rising once more at Chicago’s historic South Works site, signaling the city’s industrial past is giving way to a high-tech future.
Last week, the first beam for Phase 1 of PsiQuantum at the Illinois Quantum and Microelectronics Park (IQMP) was lifted in a milestone ceremony. Clayco representatives Mary Person and Sean Moran joined 10th Ward Alderman Peter Chico to mark the event....
....PsiQuantum’s Quantum Computer Operations Center will span over 300,000 square feet, with additional acreage for future expansion. Incentives totaling more than $500 million over 30 years will enable rapid build-out and commissioning of the facility....
....MUCH MORE
Seven acres under roof is pretty big for a startup.
Previously:
PsiQuantum is different. March 24, 2025 - "Quantum computing startup PsiQuantum raising at least $750 million, sources say"
September 11, 2025 - A Name To Know: "PsiQuantum Raises $1 Billion, Says Its Computer Will Be Ready in Two Years"
November 7, 2025 - "Quantum Leap: Lockheed Martin & PsiQuantum"
November 17, 2025 - "Former Top [Australian] Spy, Nick Warner Sounds Warning On Quantum Arms Race In Defence Tech"
If PsiQuantum's approach works, this is the one to decrypt Bitcoin and other blockchain based systems. From CoinTelegraph, March 5:
Construction begins at quantum facility big enough to break Bitcoin
