AMD plans equity investment in PsiQuantum for quantum computing
In short
AMD plans to invest in PsiQuantum as part of a bigger partnership. The two companies will work together on utility-scale quantum computers using AMD’s computing technology and PsiQuantum’s silicon photonics platform.
The collaboration is also meant to support quantum computing and drug discovery. No amount or timing for the investment is given.
What the reporting says
AMD plans an equity investment in PsiQuantum as part of an expanded partnership to develop utility-scale quantum computers. BusinessLine’s summary says the collaboration will combine AMD’s computing technologies with PsiQuantum’s silicon photonics platform. The partners also aim to advance quantum computing and drug discovery.
Why it matters
AMD said it plans an equity investment in PsiQuantum as part of an expanded partnership. The companies will combine AMD’s computing technologies with PsiQuantum’s silicon photonics platform to advance quantum computing and drug discovery.