Intel to fund $50 mn in quantum computing research

Intel and Quantum Computing
Intel Corporation, Delft University of Technology and Dutch Research Company TNO agreed to work together to improve quantum computing.

Intel will invest $50 million for this project and provide significant engineering resources.

Quantum computing is an area of solving complex problems that are practically insurmountable currently. Intel has been concentrating on this area keeping in view of tomorrow’s high performance computers.

“A fully functioning quantum computer is at least a dozen years away, but the practical and theoretical research efforts we’re announcing today mark an important milestone in the journey to bring it closer to reality,” said Mike Mayberry, Intel vice president and managing director of Intel Labs.

Quantum computers use quantum bits known as quibits compared to today’s computers, which works on transistors and binary digits.

While qubit development has been the focus of quantum computing research to date, low-temperature electronics will be required to connect, control and measure multiple qubits, and this is where we can contribute. Our collaboration with QuTech will explore quantum computing breakthroughs that could influence the industry overall.

Intel said it believes that together with quantum computing experts at QuTech institute in Delft and TNO will help realize the promise of such a technically complex issue.

IT service providers are in a race to win quantum computing as they believe this technology is going to be the backbone of computers in the years to come. IBM, Alibaba, Google, IBM and Microsoft are the other top players in the race.