Cookie Consent by Free Privacy Policy Generator
Search
Close this search box.

Taiwan Invests $282 Million (US) to Compete in Rapidly Expanding Global Quantum Technology Industry

Institute of Physics
Institute of Physics
Taiwan, an established leader in technology, will invest more than a quarter of a billion dollars (US) to develop quantum technologies, the government reported.

Taiwan News is reporting that the island country believes that quantum technology is coming — and they are investing to become a leader.

According to the newspaper, Taiwan will invest NT$8 billion — or about $282 million U.S. — in the development of quantum technology in the coming five years with a view to becoming a tech hub that boasts more than semiconductor manufacturing prowess.

The initiative is much broader than just building a quantum computer, according to the story. The country will invest in quantum devices, quantum computers, quantum algorithms and quantum communication technologies, according to the Ministry of Science and Technology (MOST).

Taiwan will incorporate resources from the government, industry, and academia and build a new base at the Southern Campus of Academia Sinica, the national academy of Taiwan, in Tainan. Relevant infrastructure will be put in place between 2022 and 2024, including a laboratory building for quantum experiments, reported RTI.

The new technologies will be employed to develop applications for areas spanning cybersecurity, finance, national defense and more. While the initiative may not soon yield results, it is imperative that Taiwan invest in quantum research before it can secure a place in the competitive world of advanced technologies, said Lin Minn-tsong (林敏聰), deputy minister of science and technology.

Responsive Image

The country is already an established leader in technology with a long history as an international powerhouse in semiconductor research and development. Leaders say the quantum initiative will build on this.

If you found this article to be informative, you can explore more current quantum news here, exclusives, interviews, and podcasts.

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

Company Speaker

Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

Share this article:

Relevant

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

Company Speaker

Keep track of everything going on in the Quantum Technology Market.

In one place.

Join Our Newsletter