Intel CEO Lip-Bu Tan Has A New Role In Nvidia-Backed 'Fault-Tolerant' Quantum Computing Firm

3 days ago 5

Namrata Sen

Sun, May 3, 2026 astatine 2:30 PM CDT 2 min read

Lip-Bu Tan, the CEO of Intel Corporation, has taken connected a caller relation arsenic a committee subordinate of quantum computing firm PsiQuantum, which is presently valued astatine $7 billion.

“Their focus connected fault-tolerant systems that can beryllium manufactured astatine scale using the semiconductor manufacture sets them apart,” Tan told Semafor connected Thursday, arsenic helium commended PsiQuantum’s unsocial approach.

PsiQuantum is strengthening ties with the semiconductor manufacture arsenic it advances scalable, error-tolerant quantum computers utilizing photonic qubits. The institution is expanding spot manufacturing and gathering facilities successful Brisbane and Chicago, aiming to motorboat its Brisbane tract adjacent twelvemonth up of galore rivals.

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The institution is backed by large tech similar Microsoft Corp. and Nvidia Corp., among others.

Tan's Quantum Ties And Intel Scrutiny

Tan’s assignment to PsiQuantum’s committee follows his past of backing quantum computing ventures done A&E Investments, a task superior steadfast helium chairs. A&E Investments antecedently funded PsiQuantum successful its 2019 Series C circular and besides invested successful IonQ that aforesaid year. Tan has been intimately monitoring PsiQuantum’s advancement for years.

Intel hired Tan successful March 2025 for his task superior expertise and beardown manufacture connections, but his enactment has not been without controversy. In December, Tan faced scrutiny implicit multi-billion-dollar AI deals that intersected with his idiosyncratic investments.

Intel's committee rejected a 2025 connection by Tan to get AI startup Rivos, wherever helium had a stake, implicit conflict-of-interest concerns and deficiency of a wide AI strategy. He besides pushed for a SambaNova deal. Experts flagged governance risks owed to his overlapping roles successful Intel and his ain concern firms, including A&E Investment, though immoderate noted his manufacture ties could payment Intel.

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Intel Shares Jump On AI-driven Demand

Tan’s assignment connected the PsiQuantum committee comes astatine a clip erstwhile Intel has been experiencing a record-breaking rally, with its banal surging astir 115% successful April. The chipmaker posted beardown Q1 2026 results, beating estimates arsenic AI-driven demand, particularly for inference and agentic AI, boosted CPU needs. CEO Lip-Bu Tan highlighted AI growth, portion CFO Dave Zinsner credited wide terms increases for the net beat.

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