ITIF: SpinQ Technology and 9 Other Chinese Startups "Made Significant Contributions to Quantum Technology"

 

Recently, the Information Technology and Innovation Foundation (ITIF), a leading US technology policy think tank, released a report titled "How Innovative Is China in Quantum?" The report surveyed a multitude of Chinese quantum companies, identifying approximately 14 private firms as "making significant contributions to quantum technology," including nine startups and five large technology corporations. Among them, SpinQ Technology, a Chinese quantum computing innovation company, was recognized.

 

Firms innovating in China’s private-sector quantum ecosystem | Source: ITIF

 

The report conducts an in-depth analysis of China's international standing, policy characteristics, and industrial development in the three key areas of quantum technology—quantum communication, quantum computing, and quantum sensing—comparing them with those of the United States.

 

In the "isolated quantum strategy," China has achieved significant breakthroughs. Among the three major areas of quantum technology, China leads globally in quantum communication, while the United States holds an advantage in quantum computing. The two countries are on par in the field of quantum sensing—overall, China's development in quantum technology has reached a level that can contend with that of the United States. Some of its achievements have even surpassed the United States in scale and scope—China is challenging the US's quantum hegemony.

 

 

The report highlights Chinese company SpinQ:

Successfully delivering superconducting quantum chips overseas, significantly narrowing the gap with the US

 

The report acknowledges that while the United States is far ahead in the development of quantum computing hardware, China's recent accomplishments indicate that it is rapidly closing the gap. It specifically mentions SpinQ Technology, which in November 2023 became the first Chinese company to successfully deliver superconducting quantum chips overseas.

 

 

It is reported that the delivered chips were born in SpinQ Technology's independently funded R&D center for superconducting quantum computers.

SpinQ Technology successfully delivers self-developed superconducting quantum chips to overseas customers

 

This dedicated QPU manufacturing facility ensures the consistency and stability of the superconducting quantum chip product process, which has also been recognized and favored by overseas partners, creating a "Made in China" brand in the field of quantum computing.

 

SpinQ Technology's R&D center for superconducting quantum computers

 

 

China focuses on commercializing quantum technology, prioritizing the transformation of innovation into tangible products

 

The report points out that China is concentrating domestic startups in the commercialization field of existing quantum technology and filling the gap in private investment with public funds, thus turning this weakness into a strength.

 

As stated in the report, China's quantum strategy prioritizes the transformation of scientific and technological innovation into tangible products.

 

Unlike the United States, which focuses on knowledge creation, China has been committed to promoting innovation results from the laboratory to the market seamlessly, simplifying the transition from research to application.

 

As a Chinese innovation company dedicated to the industrialization of quantum computing, SpinQ Technology has clarified a "dual-wheel drive" strategy of technology research and development and commercial implementation from its inception. It has not only successfully sold superconducting quantum chips overseas but also brought its self-developed nuclear magnetic quantum computers from the laboratory to the global market, covering more than 30 countries and regions, showcasing China's strength in quantum technology on a broader international stage.

 

SpinQ Technology's quantum computing products are sold worldwide across five continents

 

As an important participant in the global quantum technology field, SpinQ Technology will continue to increase R&D investment in the future, promoting quantum technology from the laboratory to practical applications, conveying innovative energy from Chinese quantum computing technology to the world, and enhancing China's position in the global field of quantum computing.