PsiQuantum’s partnership with GlobalFoundries named to Fast Company’s world’s most innovative companies list

(FinanceYahoo) PsiQuantum’s partnership with GlobalFoundries (GF) has been included in Fast Company’s prestigious annual list of the World’s Most Innovative Companies. Inside Quantum Technology shares the announcement below:

PsiQuantum is using GF’s advanced semiconductor manufacturing facilities to build the world’s first useful quantum computer, and the Fast Company award recognizes this unprecedented collaboration.
This year’s 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 it’s 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 world’s 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 world’s 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.
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 PsiQuantum’s 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 PsiQuantum’s photonic quantum computing expertise and GF’s silicon photonics manufacturing capability that will transform industries and technology applications across climate, energy, healthcare, materials science, and government.”
Fast Company’s editors and writers sought out the most groundbreaking businesses across the globe and industries. They also judged nominations received through their application process. The World’s Most Innovative Companies is Fast Company’s 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 world’s most innovative companies play an essential role in addressing the most pressing issues facing society, whether they’re 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 Company’s 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.

Sandra K. Helsel, Ph.D. has been researching and reporting on frontier technologies since 1990. She has her Ph.D. from University of Arizona.