itb-nz logo
Story image

APAC jumps on quantum computing bandwagon

The battle supremacy is set to intensify with countries in the Asia-Pacific region joining quantum computing bandwagon, according to GlobalData.

While investments in quantum computing have so far have been primarily led by the US and a few other European countries such as the UK, the Netherlands and France, keen interest is being shown by a raft of countries throughout out Asia-Pacific with the pledge of some significant investments. 

As a result, the quest for quantum computing supremacy is set to gather momentum in the next few years, GlobalData says. 

Earlier in February 2020, India had allocated US$1.12bn (INR80bn) in its union budget 2020-21 for quantum computing research over the next five years, under the National Mission of Quantum Technology and Application project. Japan and Korea have pledged US$276m and US$39.8m, respectively, for quantum research and related technologies.  

“While, these three countries have now begun committing resources and funds to quantum computing, China has been leading quantum computing investments and efforts in the APAC region for quite some time now,” says Sunil Kumar Verma, lead ICT analyst at GlobalData.

China established a national strategy in 2016, aimed at making the country more self-reliant in the quantum computing space. The government invested US$10bn towards building a quantum research facility in Hefei (expected to open in 2020), to further establish its technology supremacy in global quantum computing and sensing.

GlobalData says the battle for quantum supremacy is also extending to the technology vendors from across the globe. 

“Given the rich dividends quantum computing promises to provide, global tech vendors such as Google (54-qubit Sycamore processor), Microsoft (Azure Quantum), Intel (Horse Ridge) and IBM (Raleigh, 28-qubit quantum computer) have been willing to commit significant resources to build capabilities in this space,” it says.

Technology vendors in the APAC region are racing towards making their presence felt in quantum computing, primarily led by vendors from China, such as Alibaba, Huawei and Baidu. These Chinese vendors have been among the early movers in the quantum computing space, having begun undertaking efforts in this space a couple of years ago, GlobalData says.

Alibaba had in late 2017 announced an investment of US$15bn for AI, quantum computing and FinTech, and later launched its quantum computing cloud in 2018, featuring an 11-qubit quantum processor. In 2018, Huawei leveraged its cloud computing capabilities to launch Quantum Computing Simulation HiQ Cloud Service Platform. Baidu launched its quantum computing research center in 2018.

Japanese vendors NEC and Fujitsu have been undertaking quantum computing efforts. Fujitsu completed the on-premises installation of the Fujitsu Quantum-Inspired Computing Digital Annealer in October 2019. Similarly, in December 2019, Japan's NEC partnered with D-Wave Systems, to build hybrid HPC and quantum apps, by leveraging the capabilities NEC's high-performance computers and D-Wave's quantum systems.

“Despite all the breakthroughs, all the leading tech companies and countries are at an elementary stage of understanding and building quantum computers,” says Verma. 

“In parallel, the competition for quantum advantage is all set to be a key differentiating factor, as leading vendors continue to announce breakthrough for various applications. 

“For quantum computing to be successful, research, along with apt funding, will be essential to achieve a breakthrough in the coming years. However, significant breakthroughs for various applications in the real-world scenario are probably still a few years away,” he says.

Story image
ECI Software Solutions acquired by Leonard Green & Partners
"We are excited to welcome LGP as our new partner, and I am confident that this is the right choice for our future – and the future of our 1,700 employees and more than 22,000 customers.”More
Story image
How Employer of Record helps companies expand to new markets around the globe
Using an Employer of Record allows companies to break into new markets and hire the talent they need quickly and easily — with all human resources, onboarding, paperwork, and legal compliance taken care of.More
Story image
Why tool consolidation should be a top priority for businesses
How can businesses expect to scale for their biggest day when a single, unified view of their infrastructure doesn’t exist? The impact on the business is too high to ignore, writes New Relic APJ executive vice-president and general manager Dmitri Chen.More
Story image
The ins and outs of cloud-native computing
For businesses and other organisations that want to get the most out of their approach to the cloud, cloud-native computing may provide the answer, writes Gigamon country manager for A/NZ George Tsoukas.More
Story image
IBM NZ appoints practice lead for new Cloud Advisory Practice
Donald Long brings more than 30 years of IT experience in New Zealand and South Africa, in cloud consulting and architecture and client service roles.More
Story image
How to keep office equipment safe in the COVID-19 era
In addition to basic hygiene procedures like mandating the use of hand sanitiser and encouraging the use of masks, organisations can minimise the risk of cross-contamination and infection when employees are using shared devices.More