The chipmaker will invest US$50 million with QuTech, the quantum research institute of Delft University of Technology (TU Delft)
Intel just announced new chips with the SkyLake CPU line now and committed to a big investment into the future of computing. The Intel Corporation will invest $50 million to advance quantum computing.
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Intel Corporation announced a 10-year collaborative relationship with the Delft University of Technology and TNO, the Dutch Organization for Applied Research.
Intel CEO Brian Krzanich said in a blog post, "I’m excited about the role that Intel’s greatest minds and expertise can play in shaping this impactful technology, and I hope you are too. Quantum computing holds the promise of solving complex problems that are practically insurmountable today, changing the world for the better. That’s a technology I think we’ll all be incredibly proud to play a part in developing."
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.
What is Quantum Computing?
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Quantum computers use quantum bits (qubits), unlike digital computers, which are based on transistors and require data to be encoded into binary digits (bits). These qubits can exist in multiple states simultaneously, offering the potential to compute a large number of calculations in parallel, speeding time to resolution.