Intel Corporation announced a 10-year collaborative relationship with the Delft University of Technology and TNO, the Dutch Organisation for Applied Research, to accelerate advancements in quantum computing. To achieve this goal, Intel will invest US$50 million and will provide significant engineering resources both on-site and at Intel, as well as technical support.
Quantum computing holds the promise of solving complex problems that are practically insurmountable today, including intricate simulations such as large-scale financial analysis and more effective drug development. Quantum computing is an area of research that Intel has been exploring because it has the potential to augment the capabilities 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.
Intel's goal is to extend the university's physics expertise and diverse quantum computing research efforts by contributing advanced manufacturing, electronics and architectural expertise.
* Intel will invest US$50 million with QuTech, the quantum research institute of Delft University of Technology (TU Delft) and TNO, and will dedicate engineering resources to advance research efforts.
* The collaboration over the next 10 years will accelerate quantum computing research, which holds the promise of solving complex problems that are practically insurmountable today.
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Reposted via Next Big Future
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