Intel has 70 people working on quantum computing. Its CEO is betting on the next frontier

Quantum computing remains divided among several competing technologies, including superconducting circuits, trapped ions, photonics, neutral atoms and silicon spin qubits.

“They want to be the next Cadence to computers, quantum computing,” Tan said.

He also pointed to applications including chemistry and medicine as areas where quantum computing could eventually demonstrate its value.

Tan said he believes quantum computing could ultimately have an impact far beyond its current niche.

“This can be ten times bigger than AI using classical computing to quantum computing,” he said.