Will Fujitsu And Riken’s Latest Quantum Computing Revelation Boost The Emerging Technology?

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Quantum computing, often hailed as the future of computing due to its extraordinary potential, is gaining momentum. The global quantum computing market, valued at approximately $457.9 million in 2021, is projected to surge to around $5,274.9 million by 2030, with a Compound Annual Growth Rate (CAGR) of about 31.21% from 2022 to 2030. In this context, leading Japanese companies Fujitsu and Riken have been making notable strides in the field of quantum computing.

**Fujitsu and Riken's Quantum Leap**

On October 5, Fujitsu and Riken jointly announced a significant achievement: the successful development of Japan's second homemade quantum computer. This accomplishment comes as a follow-up to their earlier project, which saw the launch of Japan's first homemade quantum computer in March 2023. Both these quantum computers are not only cutting-edge but also ranked among the fastest globally.

The latest development is a 64-qubit superconducting quantum computer, designed to complement one of the world's most extensive quantum computer simulators, a 40-qubit creation by Fujitsu. The integration of these two components ...
... is set to establish a new hybrid quantum computing platform that promises to push the boundaries of quantum computing capabilities.

**The Future of Quantum Computing Collaboration**

Fujitsu and Riken's long-term vision revolves around providing this novel hybrid quantum platform to a wide spectrum of organizations, including businesses, universities, and research institutes, for collaborative research. This platform aims to be a crucible for developing practical applications across various domains, such as materials science, finance, and drug discovery. This move symbolizes a significant step toward unlocking the potential of quantum computing for tackling intricate real-world challenges.

Their collaborative efforts are poised to continue at the RIKEN RQC-Fujitsu Collaboration Center. Here, they will work diligently toward the realization of a large-scale quantum computer equipped with 1,000 qubits. The objective is to further explore the applications and capabilities of quantum computing, marking a substantial leap forward in technological innovation.

Additionally, Fujitsu has embarked on joint research initiatives with prominent companies like Fujifilm Corporation, Tokyo Electron Limited, Mizuho DI Financial Technology Co., Ltd., and Mitsubishi Chemical Group Corporation. Together, they are focused on pioneering quantum applications and simulations, reflecting the broader interest in leveraging quantum computing's immense potential across diverse industries.

**Key Stakeholders' Perspectives**

Shintaro Sato, head of Fujitsu's quantum laboratory, underscores that the recent achievement represents just the first or second step in a longer journey. He highlights the collaborative nature of quantum computing and expresses eagerness to collaborate with a broad spectrum of clients in the future.

Yukihiro Okuno, Senior Research Scientist at Fujifilm Corporation, recognizes the transformative potential of quantum computing for high-precision chemical calculations and materials development. He underscores how quantum computing's exceptional computational speed can catalyze advancements in materials science, thereby opening new horizons for innovation.

Tsuyoshi Moriya, Vice President at Tokyo Electron Limited, perceives quantum computing as a potential game-changer for semiconductor manufacturing process development and materials research. Their joint research is positioned as a feasibility study that could potentially reshape the semiconductor industry.

**Impact on Businesses**

While commercially available quantum computers are not yet prevalent, the recent achievement by Fujitsu and Riken hints at the imminent arrival of this transformative technology. It is vital for businesses to prepare for this forthcoming paradigm shift. Harvard Business Review has identified two critical factors for businesses to consider: vigilance and visioning.

- **Vigilance**: Businesses must stay vigilant and closely monitor the rapid advancements in quantum computing. Understanding the pace of technological progress is essential for making informed decisions.

- **Visioning**: Preparing for quantum computing involves envisioning how this technology will impact a business. This includes creating plans, studies, and scenarios that explore its potential effects, advantages, and limitations. Businesses should consider how best to leverage quantum computing, adapt to it, and identify its applications within their specific industry.

The achievement by Fujitsu and Riken is a significant milestone, offering a glimpse into a future where quantum computing plays a central role in addressing complex real-world challenges. Businesses that remain vigilant and forward-thinking are better positioned to harness the benefits of quantum computing as it approaches commercial viability. The collaboration between Fujitsu and Riken is one of many endeavors shaping the quantum computing landscape and driving innovation across industries, underscoring the tremendous potential of this cutting-edge technology.

https://www.techdogs.com/tech-news/td-newsdesk/will-fujitsu-and-rikens-latest-quantum-computing-revelation-boost-the-emerging-technology