Chip manufacturer Intel is partnering Delft University of Technology on a ten-year research collaboration deal which will be worth $50m to the institution.
Also involved is the Dutch Organisation for Applied Research. The three will be looking to develop scalable quantum computing technology, which could prove valuable to financial and life sciences sectors.
Mike Mayberry, managing director of Intel Labs, said: “A fully functioning quantum computer is at least a dozen years away, but the practical and theoretical research efforts we’re announcing today mark an important milestone in the journey to bring it closer to reality.”
