IT Hardware Industry: Takeaways from Q&A with PsiQuantum Co-Founder Pete Shadbolt

研报英文原文证据摘录

IT Hardware Industry: Takeaways from Q&A with PsiQuantum Co-Founder Pete Shadbolt

terconnect, repeatable manufacturing, and system-level reliability. Value creation may aisling.grueninger@bofa.com

remain opaque until a fault-tolerant machine arrives and delivers true commercial value.

Abbreviations:

PsiQuantum differentiates using photonics approach

AI: Artificial IntelligencePsiQuantum’s differentiated position is that the company was designed for scale from

the beginning by using photonics, 300mm silicon photonics, and telecom-style TAM: Total Addressable Market

interconnect. PsiQuantum’s approach avoids selling interim quantum systems and Demo: Demonstration

instead focuses on building large, fault-tolerant machines. PsiQuantum’s Alpha system, Mm: Millimeter

Chicago buildout, and Australia project should be viewed as system-scaling milestones Bn: Billion

and not as near-term revenue proof points. Photonics is central to this thesis because it

Semi: Semiconductoraddresses several scale bottlenecks at once. PsiQuantum can leverage mature

semiconductor fabs, operate at ~100x warmer temperatures than superconducting QBI: Quantum Benchmarking Initiative

approaches, and use standard C-band telecom photons / fiber for chip-to-chip

networking. Dr. Shadbolt emphasized that PsiQuantum has spent years and significant

capital industrializing its photonic quantum platform through GlobalFoundries’ Fab 8,

where it manufactures quantum chips at scale.

QBI is a useful benchmark; quantum likely comes 2030

DARPA’s Quantum Benchmarking Initiative is a useful external diligence filter as the

program is explicitly designed to red-team claims around feasibility, budget, timeline,

and commercial impact, and PsiQuantum is one of two companies (please see our

Quantum Spin No.