Rigetti Computing and Quanta Computer Join Forces for Quantum Advancements
Exciting Collaboration in Quantum Technology
Rigetti Computing, Inc. (NASDAQ: RGTI), a leader in quantum-classical computing, has forged a powerful collaboration with Quanta Computer Inc., a major player based in Taiwan. This strategic agreement signifies a strong commitment from both companies to push the boundaries of superconducting quantum computing, with a shared investment exceeding $100 million from each side. This collaboration positions them to leverage their unique strengths in this rapidly evolving sector.
Investing in the Future
Both Rigetti and Quanta are dedicating significant resources to enhance the development of superconducting quantum technologies. As part of the agreement, Quanta will contribute an additional $35 million alongside a purchase of shares in Rigetti, contingent on regulatory approvals. This financial backing underscores the growing interest in quantum computing and the promising trajectory for advancements in this arena.
The Quantum Computing Landscape
As the quantum computing industry is projected to thrive, estimates suggest a market growth reaching between $1 to $2 billion annually by the end of the decade. Superconducting quantum computing, which utilizes superconducting qubits, is emerging as a preferred modality due to its rapid gate speeds and established manufacturing techniques, drawing parallels to the semiconductor industry. The strategic collaboration is poised to leverage these advantages for significant technological innovations.
A Unified Vision for Quantum Computing
Dr. Subodh Kulkarni, CEO of Rigetti, emphasized the potency of this partnership, stating, "Quanta’s investment will bolster our position in this thriving sector. Our complementary strengths – with Rigetti's pioneering role in superconducting quantum technologies and Quanta's industry-leading capabilities in server manufacturing – will enable us to pave the way for groundbreaking developments in quantum computing." This synergy between Rigetti and Quanta is expected to lead to rapid advancements that can transform industries dependent on quantum technologies.
About Rigetti Computing
Rigetti has been a trailblazer in full-stack quantum computing, operating cloud-based quantum computers since 2017. The company caters to a diverse clientele, including enterprises, government entities, and research institutions through their Rigetti Quantum Cloud Services platform. In recent years, Rigetti has expanded its offerings to include on-premises quantum systems equipped with varying qubit counts, addressing the needs of national laboratories and quantum centers. The introduction of the 9-qubit Novera QPU in 2023 reaffirms Rigetti's commitment to enhancing research and development through high-performance quantum processing units.
About Quanta Computer
Quanta Computer Inc. is recognized as a global leader within the notebook manufacturing realm and a key provider in cloud computing solutions. Established in 1988 and publicly traded since 1999, Quanta has consistently delivered cutting-edge technology across multiple sectors, including consumer electronics and smart solutions. With fiscal revenues reaching $43 billion and a workforce of around 60,000 worldwide, Quanta's expertise complements Rigetti’s focus on quantum technology, propelling both companies toward future success.
Media Contact for Rigetti
For further inquiries, please reach out to press@rigetti.com.
Frequently Asked Questions
What is the main objective of the Rigetti and Quanta collaboration?
The primary goal is to accelerate the development and commercialization of superconducting quantum computing technologies.
How much are Rigetti and Quanta investing in this partnership?
Both companies are committing over $100 million each, with Quanta additionally investing $35 million in Rigetti through a share purchase.
What advantages do superconducting qubits have?
Superconducting qubits are known for their fast gate speeds and well-established manufacturing techniques, making them highly competitive in the quantum computing landscape.
How does Rigetti Computing support its clients?
Rigetti offers its quantum computing solutions through its Rigetti Quantum Cloud Services platform, serving clients across various sectors including enterprise and government.
What is Quanta Computer's expertise?
Quanta is a leading manufacturer of notebooks and cloud computing solutions, specialized in innovative technologies across multiple industries.
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