France pledges €1.5 billion to quantum computing and microchips
At a recent forum in southern Paris focusing on computing power, quantum technologies, and semiconductors, President Emmanuel Macron revealed a €1.5 billion investment in quantum computing and advanced microchip development. This announcement follows a significant $2 billion funding pledge by the U.S. towards nine quantum computing startups. Macron expressed strong confidence in France's potential to lead in this competitive field. Theau Peronnin, CEO of the quantum technology company Alice & Bob, noted that this financial commitment underscores the critical role of computing infrastructure, particularly as interest in quantum computing grows due to its applications in drug discovery and cryptography.
Key facts
- France will invest €1.5 billion in quantum computing and advanced microchips.
- The announcement was made by President Emmanuel Macron at the European Forum on Computing Power, Quantum Sciences and Technologies, and Semiconductors.
- The US previously announced $2 billion in equity stakes across nine quantum-computing companies.
- Macron said, 'I'll say it out loud. We have the means to be the winners of this race.'
- Theau Peronnin, CEO of Alice & Bob, noted a 'massive' increase in investment due to the economic importance of computing infrastructure.
- Quantum computing can speed up tasks like drug discovery, financial modelling, and cryptography.
Entities
Institutions
- Alice & Bob
- Reuters
Locations
- France
- Paris
- United States