Intel (INTC) CEO Joins PsiQuantum Valued at $7 Billion

Published on 5/3/2026 · Source: finance.yahoo.com

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Lip-Bu Tan, CEO of Intel (INTC), has been appointed a board member of PsiQuantum, a quantum computing firm valued at $7 billion. PsiQuantum focuses on manufacturing fault-tolerant quantum systems at scale, with ongoing expansion plans for chip manufacturing facilities in Brisbane and Chicago. The firm is backed by major tech companies, including Microsoft (MSFT) and Nvidia (NVDA). Intel has experienced a stock price surge of approximately 115% in April 2026, driven by strong demand in AI-related sectors, which also contributed to positive Q1 2026 results that exceeded market expectations.

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About Intel Corporation (INTC)

Intel is a foundational semiconductor company that designs and manufactures CPUs for PCs and servers and is investing to rebuild its chip-foundry business.

The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.

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Source: Read the original at finance.yahoo.com

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Intel (INTC) CEO Joins PsiQuantum Valued at $7 Billion

AI Summary

About Intel Corporation (INTC)

Earlier INTC news

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