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The realm of quantum computing has seen a remarkable influx of investments in recent years, with 2023 marking a significant milestone. According to a McKinsey report, a staggering $2.35 billion was invested in quantum technology startups last year, accounting for 68% of all sector investments since 2001. This surge in funding occurred primarily within the last two years, reflecting the growing investor confidence in quantum technology’s potential. Among the noteworthy recipients of these investments was SandboxAQ, a software startup, which secured a remarkable $500 million. Other significant players like Rigetti, D-Wave, and Origin Quantum also closed substantial deals, each amounting to hundreds of millions. These investments underscore the escalating interest in quantum computing, as stakeholders recognize its transformative potential across various sectors. Quantum Computing’s expanding horizons The global quantum computing market, as projected by Fortune Business Insights, is poised for substantial growth. From a valuation of $928.8 million in 2023, it is expected to soar to $6.5 billion by 2030, at a compound annual growth rate of 32.1%. This growth trajectory is fueled by continuous advancements and increasing applications of quantum computing in diverse fields. A significant development in the quantum computing landscape is the partnership between Siemens Digital Industries Software, sureCore, and Semiwise. This collaboration aims to develop semiconductor designs capable of operating at near-absolute-zero temperatures, a critical requirement for quantum computing. Siemens’ expertise in design technology complements Semiwise’s proficiency in cryogenic CMOS circuit designs. Additionally, SureCore is utilizing Siemens’ Analog FastSPICE technology to create a line of CryoIP, including CryoCMOS control chips, vital for quantum computing. This transition of quantum computing from academic basements to industrial R&D centers indicates its growing practicality and applicability. McKinsey’s report predicts the existence of between 2,000 and 5,000 quantum computers worldwide by 2030, marking a significant leap from theoretical research to real-world…

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Filed under: News - @ December 26, 2023 11:20 am