Semiconductor companies entering quantum computing space in a big way

Advanced technology Market researcher Yole finds quantum market will grow to US$17.4 billion in 2035, with a 32% CAGR between 2024 and 2035. Yole said "Semiconductor companies such as GlobalFoundries, TSMC, Intel, and X-Fab, along with photonics firms like Ligentec and equipment makers such as Keysight and Oxford Instruments, are building a technological foundation for quantum chip production and testing."

Quantum computing research is receiving significant investment around the globe where Global investment in quantum technologies is estimated at $30 billion in public funding and more than $5 billion in private financing. Roughly 75% of investments go to quantum computing hardware, with the remainder allocated to quantum systems and software development. As companies shift from private financing to IPOs, their success remains uncertain due to the long commercialization timelines, according to Yole. The major investors in this area includes IBM, Google, and Microsoft. There is also significant startup ecosystem in in US and Europe.

Eric Mounier, analyst at Yole Group quoted "Consequently, investment strategies are adapting, with funding coming from private venture capital, corporate sources, and government grants to support a variety of qubit technologies,...