NEC Halts Quantum Computer Push, Saying Commercial Systems Are 10 Years Away

1 articles · Updated · CIO · Sep 18

NEC has scrapped plans to build a practical quantum computer, according to The Mainichi, while keeping its broader quantum research efforts in place.
At least 10 years would be needed to make a usable commercial machine, NEC sources said, and the company judged monetization too difficult to justify continued development.
The move marks a sharp reversal from NEC’s stance three years ago, when it highlighted quantum advances and planned faster investment, but it now trails Japanese rivals Fujitsu and Hitachi.
Japan is set to commit 10 trillion yen, or about $65.3 billion, to quantum computing by 2040, a level the report said remains well below U.S. and Chinese spending.