PsiQuantum is raising $750 million or more in fresh capital at a $6 billion valuation, with BlackRock planning to lead the round, CNBC confirmed. Reuters reported about the fundraising efforts on Monday.
Quantum computers will be "materially impacting computing structures before the end of this decade," Gelsinger said.
In February, the U.S. Defense Advanced Research Projects Agency (DARPA) said it will evaluate whether quantum systems from PsiQuantum and Microsoft will be more valuable than they cost by 2033. The release didn't mention Intel, which announced its inaugural quantum chip, codenamed Tunnel Falls, in 2023.
Gelsinger said he wishes the best to his former employer and Tan, its new leader.
"I certainly believe that Intel is critical for the semiconductor industry," he said. "You need to design and manufacture leading-edge technology."