Quantinuum, Mitsui and Co. Sign Strategic Agreement to Develop the Quantum Computing Market in Japan and Asia-Pacific

Photo by 652234

Quantinuum, Mitsui and Co. Sign Strategic Agreement to Develop the Quantum Computing Market in Japan and Asia-Pacific

Insider Brief

  • Mitsui & Co. and Quantinuum have signed a strategic partnership agreement
  • The agreement established a collaboration to develop quantum computing in Japan and Asia-Pacific region.
  • The quantum computing domains covered in the agreement are expected to be worth US$450 billion – US$850 billion worldwide by 2040.

PRESS RELEASE — Mitsui & Co. and Quantinuum have signed a strategic partnership agreement to collaborate in the delivery of quantum computing in Japan and the Asia-Pacific region.

Mitsui, which is committed to digital transformation, and Quantinuum, one of the world’s leading quantum computing companies, integrated across hardware and software, have entered this strategic partnership to develop quantum computing use cases, which are expected to drive significant business transformation and innovation in the future.

Mitsui and Quantinuum will accelerate collaboration, cooperation, and development of new business models. They will jointly pursue quantum application development and provide value added services to organizations working across a variety of quantum computing domains, which is expected to be worth US$450 billion – US$850 billion worldwide by 2040.*

Yoshio Kometani, Representative Director, Executive Vice President and Chief Digital Information Officer of Mitsui & Co. stated: “We are very pleased with the strategic partnership between Mitsui and Quantinuum. By combining Quantinuum’s cutting-edge quantum computing expertise and diverse quantum talents with Mitsui’s broad business platform and network, we will work together to provide new value to our customers and create new business value in a wide range of industrial fields.”

Ilyas Khan, Founder and CEO of Quantinuum stated: “The alliance between Mitsui and Quantinuum demonstrates our shared commitment to accelerating quantum computing across all applications and use cases in a diverse range of sectors, including chemistry, finance, and cybersecurity. Today’s announcement reinforces our belief in the global quantum leadership shown by corporations and governments in Japan, pioneered by corporate leaders like Mitsui.”

Details of the Strategic Partnership

  • Joint development of business use cases and business models utilizing quantum computing (pharmaceutical, materials development, energy, mobility, logistics, etc.)
  • Market development through dissemination and sharing of quantum computing knowledge
  • Introduction of Quantinuum’s quantum computing solutions to the Japanese and Asia-Pacific markets

Collaboration areas and applications

  • Quantum computational chemistry (pharmaceutical, chemical, energy industry, etc.)
  • Quantum cybersecurity
  • Various optimization applications using quantum computers
  • Quantum natural language processing and artificial intelligence

Recent Achievements by Quantinuum

  • In December 2021, announced Quantum Origin, the world’s first commercial cybersecurity product that uses a quantum computer to do something impossible on a classical machine.
  • In May 2022, launched InQuanto, a state-of-the-art quantum computational chemistry software platform using quantum computers. Quantinuum announced collaboration with Mitsui in the field.
  • In August 2022, Quantinuum succeeded in entangling two logical qubits in a fault-tolerant quantum circuit for the first time using real-time quantum error correction, an important step toward realizing a fully fault-tolerant quantum computer.
  • In September 2022, Quantinuum announced the achievement of QV8192, the world’s highest quantum volume in the gated ion trap quantum computer System Model H-1, Powered by Honeywell.
  • Also, TKET, Quantinuum’s quantum compiler (a free opensource software development kit), exceeded 500,000 downloads in 2022.

Keep up-to-date with the quantum computing industry by reading our latest news articles!

Matt Swayne

Matt Swayne

Matt Swayne is a contributor at The Quantum Insider. He focuses on breaking news about quantum discoveries and quantum computing.

Share This Article

Leave a Reply

Explore our intelligence solutions

Join Our Newsletter