By Namrata Sen
Publication Date: 2026-05-03 19:30:00
Lip-Bu Tan, the CEO of Intel Corporation, has taken on a new role as a board member of quantum computing firm PsiQuantum, which is currently valued at $7 billion.
“Their focus on fault-tolerant systems that can be manufactured at scale using the semiconductor industry sets them apart,” Tan told Semafor on Thursday, as he commended PsiQuantum’s unique approach.
PsiQuantum is strengthening ties with the semiconductor industry as it advances scalable, error-tolerant quantum computers using photonic qubits. The company is expanding chip manufacturing and building facilities in Brisbane and Chicago, aiming to launch its Brisbane site next year ahead of many rivals.
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The company is backed by big tech like Microsoft Corp. and Nvidia Corp., among others.
Tan’s Quantum Ties And Intel Scrutiny
Tan’s appointment to PsiQuantum’s board follows his history of backing quantum computing ventures through A&E Investments, a venture capital firm he chairs. A&E Investments previously funded PsiQuantum in its 2019 Series C round and also invested in IonQ that same year. Tan has been closely monitoring PsiQuantum’s progress for years.
Intel hired Tan in March 2025 for his venture capital expertise and strong industry connections, but his leadership has not been without controversy. In December, Tan faced scrutiny over multi-billion-dollar AI deals that intersected with his personal investments.
Intel’s board rejected a 2025 proposal…
