PsiQuantum Appoints Lip-Bu Tan to Board of Directors
April 30, 2026
PALO ALTO, Calif. — PsiQuantum today announced that Lip-Bu Tan, a leader of the semiconductor industry and Chief Executive Officer of Intel Corporation, has joined the PsiQuantum Board of Directors.
Tan brings decades of experience building and scaling the foundational technologies that underpin modern computing. Before his 2025 appointment as CEO of Intel, he previously served as Chief Executive Officer of Cadence Design Systems, where he transformed the company into a global leader in electronic design automation—the software and tools used to design the world’s most advanced chips. Across his career as an executive, investor, and board member, Tan has played a central role in shaping the modern semiconductor ecosystem. He has served on numerous public and private boards, serves as Chairman of Walden International, and is a founding managing partner of Walden Catalyst Ventures and Celesta Capital.
Tan’s appointment to the PsiQuantum Board of Directors comes as the company drives toward building the world’s first utility-scale, fault-tolerant quantum computers and continues to advance and scale its silicon photonics platform.
“I’ve known the PsiQuantum team for many years as an investor and have followed their progress closely as they’ve built one of the most compelling and differentiated approaches in quantum computing,” said Lip-Bu Tan. “The technology they’ve developed is exceptional, and their focus on fault-tolerant systems that can be manufactured at scale using the semiconductor industry sets them apart. I’m excited to join the board and support the team as they work to bring this technology to the world.”
Tan’s board appointment follows the appointment of semiconductor industry veteran Victor Peng as Interim Chief Executive Officer, as well as Co-Founder Jeremy O’Brien’s transition into the role of Executive Chairman. Peng previously served as President of AMD and as CEO of Xilinx, where he led the company’s transformation into a leader in adaptive computing and through its acquisition by AMD.
“Lip-Bu has an exceptional track record of leading and guiding technology companies from start-ups to large public companies,” said Victor Peng, Interim Chief Executive Officer of PsiQuantum. “As we advance our technology and begin deployment of utility-scale, fault tolerant quantum computers, his insights on high performance computing, advanced manufacturing, ecosystems, and customer adoption will be invaluable.”
“From day one, PsiQuantum has taken the long-term view that quantum computing must be built by leveraging the semiconductor industry,” said Jeremy O’Brien, Co-Founder and Executive Chairman of PsiQuantum. “Lip-Bu’s experience scaling technologies, companies, and global ecosystems will help accelerate our path to delivering on that vision and it’s fantastic to have a long-time supporter officially join our board.”
PsiQuantum is a full-stack quantum computing company that leverages existing semiconductor manufacturing to rapidly scale its silicon photonics platform. Since its founding, the company has focused on achieving fault tolerance at scale—now widely recognized as the essential capability for quantum computers to solve commercially valuable problems in areas such as chemistry, materials science, and energy. This approach is underpinned by a modular architecture, allowing PsiQuantum to scale system performance by upgrading components while also scaling deployment.
The company is currently advancing major quantum computing projects in the United States, Australia, and the United Kingdom, including the development of utility-scale quantum computing facilities in Chicago and Brisbane. These efforts reflect PsiQuantum’s strategy to pair breakthrough technology with large-scale infrastructure, in partnership with governments and industry, to deliver the first commercially useful quantum computers.
About PsiQuantum
PsiQuantum was founded in 2016 and is headquartered in Palo Alto, California. The company’s mission is to build and deploy the world’s first useful quantum computers. PsiQuantum’s photonic approach enables it to leverage high-volume semiconductor manufacturing, existing cryogenic infrastructure, and architectural flexibility to rapidly scale its systems. Learn more at www.psiquantum.com.