Quantum Information Technology Group

History

2023: Building a Company

On May 30, 2023, the Chinese state telecom operator China Telecom announced the formation of a company in the field of quantum information technology - Quantum Information Technology Group. Investments in the project amounted to 3 billion yuan (approximately $422 million at the exchange rate as of May 31, 2023).

The new facility will be based in the eastern Chinese province of Anhui. The official statement said the established group will focus on developing advanced quantum computing technologies, accelerating the pace of bringing relevant products to market and promoting solutions nationwide.

China Telecom Announces Formation of Quantum Information Technology Company - Quantum Information Technology Group

According to Reuters, the new project is the next step of China Telecom as part of a comprehensive program to implement quantum systems, which open up completely new opportunities in terms of solving resource-intensive problems and ensuring the security of information systems. In addition, the emergence of the Quantum Information Technology Group structure reflects Beijing's desire to take the lead in the global race to harness quantum computing capabilities. In the future, quantum computers are planned to be used in many areas - from optimization of telecommunications infrastructures to the search for innovative drugs.

The creation of the unit is a practical implementation of the instructions of the Secretary General of the Central Committee of the Communist Party of China Xi Jinping on the development of quantum technologies, China Telecom said in a statement.

It is also reported that in December 2022, China Mobile, one of the world's largest mobile operators, entered into an agreement with the Chinese startup Origin Quantum. This firm is developing specialized quantum technologies that are expected to help in eliminating bottlenecks in high-speed 5G and 6G communication systems.^[1]

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