Intel’s Lip-Bu Tan Joins The Board Of Quantum Computer Maker PsiQuantum: Report

• Lip-Bu Tan joins $7 billion quantum computing company PsiQuantum.
• Tan had earlier invested in PsiQuantum through VC firm A&E Investments. 
• Appointment draws PsiQuantum closer to the semiconductor industry.

Intel’s (INTC) CEO Lip-Bu Tan has joined the Board of Directors of $7 billion quantum computing firm PsiQuantum, according to a media report.

The appointment draws PsiQuantum closer to the semiconductor industry as it rounds out its approach to delivering scalable quantum computers that operate effectively even with the presence of errors — the challenge most quantum companies are tackling right now, according to Semafor. 

Tan said he has been following the company for years, and that “their focus on fault-tolerant systems that can be manufactured at scale using the semiconductor industry sets them apart,” in an exclusive statement made to Semafor. 

Tan is a key figure in the chipmaking and data center space, as most tech companies globally try to build and scale products to meet the soaring demand for AI. 

U.S. President Donald Trump on Wednesday endorsed Intel’s strong growth trajectory in the AI and chipmaking space. "Intel Stock continues to rise. I’m very proud of that Company in that I am responsible for making the United States of America over $30 billion in the last 90 days on that stock alone," Trump wrote in a post on Truth Social. 

Tan’s entry into the board follows several investments in such businesses made through several venture capital and investment firms.

For instance, A&E Investments, which Tan chairs, participated in PsiQuantum’s Series C funding round in 2019 and invested in IonQ that same year, as per Semafor. 

Tan has also made several other investments in early-stage AI firms through A&E, alongside Walden International and Celesta Capital, his private investment vehicles. 

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