PsiQuantum Names Interim CEO for Large-Scale Expansion

PsiQuantum has announced a leadership change as it moves begins its large-scale deployment of quantum computing systems. 

Victor Peng, a computing industry veteran and former President of Advanced Micro Devices, Inc. (AMD), has joined the firm as its interim CEO. 

Co-Founder Jeremy O’Brien is taking the role of Executive Chairman, leading the Board of Directors and guiding PsiQuantum’s strategy and partnerships.

With Victor in the interim CEO role and Jeremy as Executive Chairman, the company is blessed with experienced leadership as it searches for a permanent CEO. 

The leadership team includes Dr Pete Shadbolt, Chief Scientific Officer; Prof Terry Rudolph, Chief Architect; and Prof Mark Thompson, Chief Technologist.

Building utility-scale quantum computing

Over the past decade, PsiQuantum has developed the technologies needed to deliver fault-tolerant quantum computers. 

Fault-tolerant refers to systems that continue operating correctly even when components fail, essential for reliable quantum processing. 

The company produces its mass-manufacturable silicon photonic chipset, Omega, which integrates optical circuits on silicon wafers.

The company also advances fault-tolerant algorithms through new platforms and partnerships, develops intermediate scale test systems, explores new cryogenic form factors and establishes the world’s first utility-scale quantum computing sites in Brisbane, Australia and Chicago, Illinois.

“PsiQuantum was founded to realize the potential of quantum computing and the team has spent years doing the hard technical work to make that possible," says Jeremy.

“As we shift into large-scale deployment and execution, Victor brings exactly the leadership we need. He has guided multiple major computing platform transitions and I’m excited to partner closely with him as we deliver on PsiQuantum’s mission.”

Leadership focus on execution

Victor assumes responsibility for day-to-day operations, shaping business, financial and operational strategies. 

He leverages his experience leading multi-billion-dollar companies and scaling complex technologies and teams.

This includes advancing PsiQuantum’s utility-scale quantum computing systems in Australia and Chicago, driving business growth, overseeing technical development across silicon photonics and other platforms and working closely with the leadership team.

Victor explains: “PsiQuantum has done the hard work to establish a real foundation for utility-scale quantum computing from silicon photonics to fault-tolerant architectures and large-scale deployments. 

“The task ahead is execution. Jeremy and the founding team have built something truly unique and I’m excited to partner closely with them to help translate their mission into deployed systems that unlock this technology.”

At AMD, Victor as also responsible for the Embedded and Data Centre GPU businesses and helped shape platform strategies integrating hardware, software and system-level architectures for emerging AI workloads.

Before AMD, he served as CEO of Xilinx, transforming it into a global leader in adaptive computing, culminating in AMD’s US$49bn acquisition in 2022. 

Victor plays a central role in shifts across CPUs, GPUs, FPGAs and system-level architectures.

Progress and partnerships

Victor’s appointment follows a year of decisive progress for PsiQuantum. In 2025, the company reaches the final stage of DARPA’s Quantum Benchmarking Initiative, a programme that evaluates quantum computing performance.

PsiQuantum raises over US$1bn in a Series E round led by global investors, breaks ground on America’s largest quantum computing site in Chicago and announces a partnership with NVIDIA spanning quantum computing and next-generation silicon photonics for AI supercomputing.

The company expanded collaborations with Airbus, Lockheed Martin and others. 

It launched Construct, the only software platform dedicated to developing fault-tolerant algorithms. 

Omega, the company’s silicon photonic chipset, is manufactured at GlobalFoundries in New York.

Together, these developments mark a shift from research and prototyping to operational deployment at scale. 

Victor’s leadership focuses on executing these projects efficiently, ensuring PsiQuantum can deliver utility-scale quantum computing systems that meet industrial and scientific demands.