Germany to Support Quantum Computing with €2 Billion

Germany to Support Quantum Computing with €2 Billion

U.S. News & World Report, Michael Nienaber, May 11, 2021

Germany's economy and science ministries announced an approximately €2-billion ($2.4-billion) allocation to develop the country's first competitive quantum computer and associated technologies in the next four years. The science ministry will invest €1.1 billion ($1.3 billion) by 2025 to support quantum computing research and development, while the economy ministry will spend €878 million ($1.06 billion) on practical applications. The economy ministry said most subsidies will go to Germany's Aerospace Center, which will partner with industrial companies, midsized enterprises, and startups to establish two consortia. Economy Minister Peter Altmaier cited management of supply and demand in the energy sector, improved traffic control, and faster testing of new active substances as areas that quantum computing could potentially revolutionize. ...