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U.S. Eyes Export Controls on Quantum Computing; Limited Impact Anticipated for South Korean Firms

U.S. Eyes Export Controls on Quantum Computing; Limited Impact Anticipated for South Korean Firms

WASHINGTON, Sept. 5 (Korea Bizwire) –The United States said Thursday that it is seeking new export controls on quantum computing, advanced semiconductor manufacturing equipment and other technologies, in what it called a national security measure that observers said would have limited ramifications on South Korean firms. The Commerce Department’s Bureau of Industry and Security released [...]

S. Korea to Launch Quantum Computing-based Cloud Services This Year

S. Korea to Launch Quantum Computing-based Cloud Services This Year

SEOUL, Feb. 14 (Korea Bizwire) — South Korea will launch cloud services using indigenous quantum computers and begin test flights of urban air mobility (UAM) vehicles in Seoul metropolitan areas this year, the finance ministry said Wednesday. They are part of the major projects that the government is pushing to nurture advanced technologies and spur [...]

Harvard, QuEra, MIT, and the NIST/University of Maryland Usher in New Era of Quantum Computing by Performing Complex, Error-Corrected Quantum Algorithms on 48 Logical Qubits

Harvard, QuEra, MIT, and the NIST/University of Maryland Usher in New Era of Quantum Computing by Performing Complex, Error-Corrected Quantum Algorithms on 48 Logical Qubits

New research published in Nature Represents a Giant Leap Forward for the Development of Scalable and Fault-Tolerant Quantum Computers BOSTON, Dec. 06, 2023 (Korea Bizwire) – QuEra Computing, the leader in neutral-atom quantum computers, today announced a significant breakthrough published in the scientific journal Nature. In experiments led by Harvard University in close collaboration with [...]

LG Electronics to Develop Quantum Computing Tech with Dutch Firm

LG Electronics to Develop Quantum Computing Tech with Dutch Firm

SEOUL, April 15 (Korea Bizwire) — LG Electronics Inc. said Thursday it has formed ties with Dutch quantum algorithm developer Qu & Co to conduct joint research on quantum computing technology in a move to boost competitiveness in future technologies. Under the research agreement, the two companies will develop quantum computing technology for multiphysic simulations [...]

IonQ Secures $55 Million in Funding to Bring Quantum Computing from the Lab to the Enterprise

IonQ Secures $55 Million in Funding to Bring Quantum Computing from the Lab to the Enterprise

COLLEGE PARK, Md., Oct. 22 (Korea Bizwire) – IonQ, the leader in universal quantum computing, today announced it has secured $55 million in a funding round led by the Samsung Catalyst Fund and Mubadala Capital. This round of funding brings IonQ’s total amount raised to $77 million. IonQ plans to use the funds announced today to make quantum computing [...]

1QBit Raises $45M Series B Round from Fujitsu, Accenture, and Allianz to Advance Industry Applications of Quantum Computing

1QBit Raises $45M Series B Round from Fujitsu, Accenture, and Allianz to Advance Industry Applications of Quantum Computing

VANCOUVER, British Columbia, Nov. 28 (Korea Bizwire) — 1QB Information Technologies Inc. (1QBit), a software company solving industry’s most demanding computational challenges using the most advanced quantum and classical hardware available, today announced the close of a C$45 million Series B round comprising equity and revenue contracts. This funding round is led by Fujitsu Limited, [...]