China Focusing on Quantum Computer Innovation

Leading the Charge

There has been a veritable arms race to develop the most powerful computer hardware. Multiple nations are going head to head with the main goal of creating a quantum computer that will outperform all the other competitors.

The reason for such high interest is due to the massive amount of applications that quantum computers could have for a number of industries. This includes pharmaceutical companies, agriculture, automotive manufacturers, and many more.

Quantum computers utilise the movements of subatomic particles in order to create processing speed output that is much more powerful than standard operating systems. The technology is currently in the theoretical stages. Despite this, the impressive calculating power of the system means that it is expected to revolutionise many aspects of modern life and business when it has finally been developed in a real world setting.

Investment

China is investing heavily in the development of quantum computers. It has spent $12.9 billion on a new laboratory center that will focus specifically on the research and development of quantum hardware and software. It is set to open in 2020.

In comparison, the United States spends approximately $US 200 million per year. This seems like a large number, but then it is compared to China’s investment statistics, it become clear that the US is no longer the leading pioneer in developing this technology.

It remains to be seen if China will be first country to develop and roll out an advanced quantum computer. They are certainly the biggest investors in this technology. Chinese universities are also seeking to patent new encryption methods based on quantum technologies. Being able to encrypt a system with a quantum computer would mean that it would be virtually imposible to hack with:

  • A standard computer
  • Modern tablets and smartphones

The potential for security means that Western countries and companies are also interested in using quantum computers for the purpose of encryption.