PsiQuantums Partnership with GlobalFoundries Named to Fast Companys Worlds Most Innovative Companies List – Yahoo Finance

Manufacturing breakthrough will lead to quantum chips with the precision required to build the worlds first useful quantum computer

PALO ALTO, Calif., March 15, 2022--(BUSINESS WIRE)--PsiQuantum's partnership with GlobalFoundries (GF) has been included in Fast Companys prestigious annual list of the Worlds Most Innovative Companies. PsiQuantum is using GFs advanced semiconductor manufacturing facilities to build the worlds first useful quantum computer, and the Fast Company award recognizes this unprecedented collaboration.

This years list honors businesses that are making the biggest impact on their industries and culture as a whole. These companies are creating the future today with some of the most inspiring accomplishments of the 21st century. In addition to the World's 50 Most Innovative Companies, 528 organizations are recognized across 52 categories.

Quantum computing is anticipated to unlock the solutions to otherwise impossible problems and enable extraordinary advances across a broad range of applications including climate, healthcare, life sciences, energy and beyond. Whether its improving carbon capture catalysts, optimizing the energy grid, or modelling the chemistries of lifesaving drugs or new battery materials, quantum computers are key to solving many of the worlds most demanding challenges that will forever be beyond the capabilities of any conventional computer.

World-changing applications require a large-scale, fault-tolerant quantum computer built in a scalable and proven manufacturing environment. Silicon photonics and semiconductor chip manufacturing offer the scalability and manufacturability needed to deliver a commercially useful quantum computer on any sensible time or money scale.

PsiQuantum is building the worlds first commercially useful, fault-tolerant quantum computer based on breakthroughs in silicon photonics and quantum architecture. Its team of world-renowned quantum computing experts has developed unique technology in which single photons (particles of light) are manipulated using complex photonic circuits, patterned onto a silicon chip using standard semiconductor manufacturing techniques.

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PsiQuantum and GF demonstrated a world-first ability to manufacture core quantum components, such as single-photon sources and single-photon detectors, with precision and in volume, representing a significant milestone in PsiQuantums roadmap to deliver a large-scale quantum computer. Fast Company recognized the collaboration between PsiQuantum and GF as one of the 10 most innovative joint ventures of 2022, an award category defined by Fast Company as "the best business pairings, whether one-off collaborations or new companies".

"A commercially useful quantum computer has to be large, fault-tolerant, manufacturable, and scalable," said Fariba Danesh, chief operating officer at PsiQuantum. "We have identified a clear path for building a large-scale quantum computer, leveraging our unique technology in silicon photonics and quantum system architecture, and the scalable and proven manufacturing processes of our semiconductor partner GF."

"We are proud that our partnership with PsiQuantum has been recognized as one of the most innovative business pairings of 2022," said Amir Faintuch, senior vice president and general manager of Computing and Wired Infrastructure at GF. "Our partnership is a powerful combination of PsiQuantums photonic quantum computing expertise and GFs silicon photonics manufacturing capability that will transform industries and technology applications across climate, energy, healthcare, materials science, and government."

Fast Companys editors and writers sought out the most groundbreaking businesses across the globe and industries. They also judged nominations received through their application process. The Worlds Most Innovative Companies is Fast Companys signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.

"The worlds most innovative companies play an essential role in addressing the most pressing issues facing society, whether theyre fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions," said Fast Company Deputy Editor David Lidsky.

For the second year in a row, coinciding with the issue launch, Fast Company will host its Most Innovative Companies Summit on April 26 27. The virtual, multi-day summit celebrates the Most Innovative Companies in business and provides an early look at major business trends and an inside look at what it takes to innovate in 2022. Fast Companys Most Innovative Companies issue (March/April 2022) is available online here, as well as in app form via iTunes and on newsstands beginning March 15. The hashtag is #FCMostInnovative.

About PsiQuantum

Powered by breakthroughs in silicon photonics and quantum architecture, PsiQuantum is building the first commercially useful quantum computer to solve some of the worlds most important challenges. PsiQuantum believes silicon photonics is the only way to achieve the necessary scale required to deliver a fault-tolerant, general-purpose quantum computer. With quantum chips now being manufactured in a world-leading semiconductor fab, PsiQuantum is uniquely positioned to deliver quantum capabilities that will drive advances in climate, healthcare, finance, energy, agriculture, transportation, communications, and beyond. To learn more, visit http://www.psiquantum.com.

Follow PsiQuantum: LinkedIn

About Fast Company

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at http://www.fastcompany.com.

2022 PsiQuantum. PsiQuantum and our logo are trademarks of PsiQuantum, Corp. in the U.S. and other countries. All other trademarks are the property of their respective holders.

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PsiQuantums Partnership with GlobalFoundries Named to Fast Companys Worlds Most Innovative Companies List - Yahoo Finance