AMD (AMD.US) enters the “trillion quantum circuit”: join hands with PSIquantum to develop fault-tolerant, utility-scale quantum infrastructure, and plans to take a stake

The Zhitong Finance App learned that 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, utility-scale quantum computers.

At the time the deal was reached, quantum computing was attracting more and more investors' attention, and companies and governments were looking for systems that could solve scientific and commercial problems that are difficult for traditional computers to handle.

Technological breakthroughs in this field have fueled optimistic expectations for quantum computing applications in drug development, financial modeling, and cryptography.

The US Department of Commerce announced in May that it plans to make minority equity investments in nine quantum computing companies under the Chip Act, with a total investment of $2 billion, including a $100 million deal with PSIQuantum.

The partnership is based on the two parties' existing R&D based on the AMD Versal series FPGA, adding integrated AMD Instinct GPUs, EPYC CPUs, and ROCm software stacks, combined with PSIQuantum's silicon quantum platform. As part of the deal, AMD also plans to make an undisclosed amount of equity investment in PSIQuantum.

Victor Peng, CEO of PSIQuantum, said, “Quantum computing will collaborate with artificial intelligence and high-performance computing to overcome today's difficult problems in the fields of medicine, materials, energy, and finance. By integrating their teams and technologies, PSIQuantum and AMD will drive the future development of the computing industry: not only building the underlying infrastructure to support utility-grade quantum systems, but also exploring new solutions for silicon photonic networks to solidify the large-scale foundation for the next generation of artificial intelligence.”

This collaboration is in line with the US Department of Energy's “Quantum Genesis Priority Applications (qGPAs)”. The plan defines a number of core scientific directions for implementing fault-tolerant quantum computation, covering the fields of chemistry, materials, subatomic physics and applied mathematics.

PSIQuantum is currently a core resident of the Chicago Illinois Quantum and Microelectronics Industrial Park.

MD Chief Technology Officer Mark Papermaster said, “Our collaboration with PSIQuantum brings AMD full-stack computing power and software capabilities to this cutting-edge racetrack, and relies on the strengths of both parties to accelerate the implementation of utility-scale quantum computing.”

Quantum computing currently accounts for a relatively limited share of tech giants' R&D budgets. IBM (IBM.US) has pledged to invest $10 billion over the next five years and is expected to become the most invested company in this field. IBM CEO Arvind Krishna anticipates that investments in the quantum sector will begin to generate quantifiable industrial value around 2028-2029.

“We now have full confidence that quantum computing will create a trillion dollar market value by the end of the 2030s,” he said.