How Will PsiQuantum's New Interim CEO Scale its Operations?

PsiQuantum has announced a significant leadership transition as the company shifts from research and development into large-scale deployment of quantum computing infrastructure.

The move could signal a crucial phase for the commercialisation of fault-tolerant quantum technology.

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

Co-Founder Jeremy O'Brien is transitioning to the role of Executive Chairman, where he will lead the Board of Directors and guide PsiQuantum's strategic direction and partnerships.

The leadership restructure positions PsiQuantum with experienced technology executives as it searches for a permanent CEO.

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

Silicon photonics at scale

Over the last decade, PsiQuantum has developed technologies aimed at delivering fault-tolerant quantum computers.

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

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

This approach leverages existing semiconductor manufacturing infrastructure, potentially offering a pathway to scale that differs from other quantum computing architectures.

PsiQuantum's current technological focus encompasses advancing fault-tolerant algorithms through new platforms and partnerships.

It is also developing intermediate-scale test systems, exploring new cryogenic form factors and establishing what the company describes as the world's first utility-scale quantum computing sites in Brisbane, Australia and Chicago, Illinois.

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

"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."

Execution-focused technology leadership

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

His experience includes leading multi-billion-dollar technology companies and scaling complex technologies and teams through major platform transitions.

His remit 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 to execute on deployment milestones.

The transition reflects PsiQuantum's evolution from a research-focused organisation to one prioritising commercial deployment.

Victor's track record in executing large-scale technology initiatives positions him to navigate the complexities of bringing quantum computing infrastructure to market.

His appointment signals confidence in PsiQuantum's technological readiness and the company's commitment to moving beyond laboratory demonstrations towards systems that can address real-world computational challenges.

"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," Victor explains. "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 was 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 has played a central role in shifts across CPUs, GPUs, FPGAs and system-level architectures.

Strategic technology partnerships

Victor's appointment follows a year of progress for PsiQuantum.

In 2025, the company reached the final stage of DARPA's Quantum Benchmarking Initiative, a programme that evaluates quantum computing performance.

PsiQuantum raised more than US$1bn in a Series E round led by global investors, broke ground on America's largest quantum computing site in Chicago and announced 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, which it describes as the only software platform dedicated to developing fault-tolerant algorithms.

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

The NVIDIA partnership represents a strategic convergence between quantum computing and artificial intelligence infrastructure.

By leveraging silicon photonics technology for both quantum systems and AI supercomputing applications, PsiQuantum is positioning itself at the intersection of two transformative computing paradigms.

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

Victor's leadership will focus on executing these projects efficiently, with the aim of ensuring PsiQuantum can deliver utility-scale quantum computing systems that meet industrial and scientific demands.