China Telecom has invested 3 billion yuan ($434 million) to establish a new entity, China Telecom Quantum Information Technology Group, dedicated to harnessing the power of quantum technology. The unit will be based in Anhui province and aims to advance quantum technology, accelerate the development of quantum products, and drive industry growth in China. The move is seen as a practical action to implement President Xi Jinping’s instructions on quantum technology. This investment follows China Mobile’s collaboration with Origin Quantum, a Chinese startup, to leverage quantum computing for overcoming computational limitations in 5G and 6G technologies.
Quantum computing is known for its superior problem-solving capabilities and has applications in various domains, including drug design, material development, transportation, energy, and finance. The development also coincides with escalating technology tensions between the US and China, with the US considering new rules to restrict capital and expertise flow into Chinese firms involved in advanced semiconductors, artificial intelligence, and quantum computing. Furthermore, China’s cybersecurity regulator recently prohibited domestic operators of critical infrastructures from purchasing products from US-based semiconductor manufacturer Micron.
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