PsiQuantum announced on Wednesday that it has solved a crucial challenge in quantum computing: a method to mass-produce quantum chips for commercially viable machines. This breakthrough could accelerate the development of quantum computers, which have the potential to revolutionize various fields.
Quantum computing promises to perform calculations far beyond the capabilities of even the most powerful artificial intelligence systems, potentially unlocking advancements in areas such as cybersecurity, drug discovery, and materials research. However, the mass production of quantum computing chips has been a significant hurdle.
To address this, PsiQuantum’s founders focused on a photonics-based approach, which utilizes the same semiconductor manufacturing technology widely used in the communications industry. The company developed its Omega chipset and partnered with GlobalFoundries to fabricate the chips at its Albany, New York, factory.
According to PsiQuantum CEO Jeremy O’Brien, “”This isn’t a breakthrough, this is actually something that has gone out of the research lab, and that is the highest level of maturity that you can achieve,”” referring to the mass production of the quantum chip. PsiQuantum’s Chief Scientific Officer Pete Shadboldt noted that the manufacturing yields match standard semiconductors, with millions of chips currently being produced.
PsiQuantum’s technology, which is detailed in the scientific journal Nature, uses photons to perform quantum calculations. This approach offers advantages, including a less complex cooling system for the devices, according to O’Brien and Shadboldt.
PsiQuantum anticipates having a facility capable of commercial applications by approximately 2027, according to O’Brien. The company’s 2023 valuation was $3.15 billion. Competitors, such as Microsoft and Google, are also making strides in quantum computing, with both companies predicting commercial applications within the next several years.
