# PsiQuantum

> For the complete documentation index, see [llms.txt](/llms.txt). This markdown index mirrors [the canonical HTML page](/quantum-news/organization/psiquantum/).



## PsiQuantum NEWS AND UPDATES



- [PsiQuantum Likely Less Than Six Years Away From Commercial Quantum Computer](/quantum-news/2024/psiquantum-likely-less-than-six-years-away-from-commercial-quantum-computer.md)

  PsiQuantum, a Palo Alto startup valued at $3.15 billion, plans to deliver its first commercial quantum computer within six years, outpacing expert predictions. Collaborating with GlobalFoundries and the U.S. Department of Energy, the company uses SLAC National Accelerator Laboratory facilities to design cryogenic quantum modules. PsiQuantum aims to integrate these modules into a data center-like setup with around 1 million qubits for applications in materials science, national security, and finance.


- [PsiQuantum Has A Goal For Its Million Qubit Photonic Quantum Computer To Outperform Every Supercomputer On The Planet](/quantum-news/2022/psiquantum-has-a-goal-for-its-million-qubit-photonic-quantum-computer-to-outperform-every-supercomputer-on-the-planet.md)

  “We believed we had cracked the code for building a million-qubit quantum computer,” Dr. Shadbolt said. “Even though that’s a huge number, the secret seemed simple. All we had to do was use the same process as the one being used to put billions of transistors into cell phones. We felt a large quantum computer wouldn’t exist in our lifetime unless we figured out how to build it in a semiconductor foundry. That idea has been turned into reality. We are now building quantum chips next to laptops and cell phone chips on the GlobalFoundries 300-millimeter platform.”