U.S. may expand Nvidia and AMD’s 15% China chips deal to other companies
Investing.com-- NVIDIA Corporation (NASDAQ:NVDA) is in advanced discussions to invest in PsiQuantum, a quantum computing startup, in what would mark a significant pivot for the chipmaker into next-generation computing, The Information reported on Sunday, citing sources involved in the talks.
The potential deal comes as PsiQuantum is raising at least $750 million in fresh funding, with a pre-money valuation of $6 billion, The Information’s report stated. BlackRock (NYSE:BLK) is expected to lead the round, the report said.
The investment would represent Nvidia’s first in a company building physical quantum computers, contrasting with prior bets on AI-centric firms like CoreWeave and xAI, The Information reported.
PsiQuantum’s photonic approach to quantum computing uses photons as qubits, aiming to manufacture quantum processors with conventional semiconductor methods.
The Palo Alto-based firm, which has raised over $1 billion since its founding in 2016, is racing to build systems capable of outperforming classical computers. It has partnerships with GlobalFoundries (NASDAQ:GFS) and government support in Australia and the U.S., including plans for a quantum data center in Chicago, according to the report.
Neither Nvidia nor PsiQuantum has officially commented on the report.
The talks follow Nvidia’s growing interest in quantum tech, including hosting its first “Quantum Day” in March and launching a dedicated research center in Boston.