AMD (AMD.US) Enters the "Trillion-Dollar Quantum Track": Partners with PsiQuantum to Develop Fault-Tolerant, Practical-Scale Quantum Infrastructure and Plans to Invest

According to Jinzhong Finance APP, AMD (AMD.US) announced that it has reached an expanded cooperation with PsiQuantum to jointly design infrastructure that can support the operation of fault-tolerant, practical-scale quantum computers.

This deal comes as quantum computing is attracting increasing attention from investors, with enterprises and governments seeking systems capable of solving scientific and commercial problems that are difficult for traditional computers to handle.

Technological breakthroughs in this field have fueled optimism about the application of quantum computing in areas such as drug development, financial modeling, and cryptography.

In May, the U.S. Department of Commerce announced plans to make minority equity investments in nine quantum computing companies under the “CHIPS Act,” with a total investment of $2 billion, including a $100 million deal with PsiQuantum.

This cooperation builds on the existing R&D foundation based on AMD’s Versal series FPGA, adding integration of AMD Instinct GPU, EPYC CPU, and ROCm software stack, together with PsiQuantum’s silicon photonics quantum platform. As part of the transaction, AMD also plans to make an undisclosed equity investment in PsiQuantum.

PsiQuantum CEO Victor Peng stated: “Quantum computing, together with artificial intelligence and high-performance computing, will tackle challenges in healthcare, materials, energy, and finance that are currently difficult to solve. By integrating both teams and technologies, PsiQuantum and AMD will drive the future development of the computing industry: building the underlying infrastructure supporting practical-level quantum systems and exploring new solutions for silicon photonic networks, strengthening the foundation for large-scale next-generation artificial intelligence.”

This cooperation aligns with the U.S. Department of Energy’s “Quantum Genesis Priority Applications (QGPAs),” a program that identifies key scientific directions for deploying fault-tolerant quantum computing, covering chemistry, materials, subatomic physics, and applied mathematics.

PsiQuantum is currently a core resident enterprise in the Illinois Quantum and Microelectronics Innovation Park in Chicago.

AMD Chief Technology Officer Mark Papermaster said: “Our cooperation with PsiQuantum brings AMD’s full-stack computing and software capabilities to this cutting-edge field, leveraging both parties’ advantages to accelerate the realization of practical-scale quantum computing.”

Quantum computing still accounts for a relatively limited portion of research and development budgets at technology giants. IBM (IBM.US) has pledged to invest $10 billion over the next five years, potentially making it the company with the highest investment in the field. IBM CEO Arvind Krishna anticipates that investment in quantum will begin to generate quantifiable industrial value around 2028 to 2029.

He stated: “We are now fully confident that by the end of the 2030s, quantum computing will create market value on the scale of trillions of dollars.”