AMD to Make Equity Investment in PsiQuantum Under Expanded Quantum Computing Partnership

AMD announced on November 12, 2026 that it plans to make an equity investment in photonic quantum computing startup PsiQuantum as part of an expanded strategic partnership. The companies did not disclose the size of the planned investment.

Under the expanded arrangement, AMD and PsiQuantum will co-design computing infrastructure for quantum systems and develop applications that combine quantum computing with high-performance computing and AI. The collaboration is expected to accelerate progress in fields such as drug discovery and AI-driven research.

PsiQuantum has been an active fundraiser in 2026, having closed a $1 billion Series E round in September at a $7 billion valuation, led by BlackRock, Temasek, and Baillie Gifford, and separately signed a $125 million DARPA deal in July. AMD's equity commitment adds a major semiconductor partner to PsiQuantum's roster as the quantum computing sector attracts growing institutional and government investment.