France Invests 1.5 Billion Euros in Quantum Computing and High-end Chips

Global powers are competing to seize the high ground of emerging technologies. French President Macron announced that France will invest an additional 1 billion euros in the field of quantum strategy and allocate 550 million euros for the microelectronics industry support program.

Just one day before this official announcement, the Trump administration announced plans to invest $2 billion in nine quantum computing companies, aiming to solidify America’s leading position in this cutting-edge technology field after artificial intelligence.

Various technologies continue to make breakthroughs, and quantum computing can accelerate drug research and development, financial modeling, cryptographic operations, and other work. Its development potential is increasingly favored by investors.

Tao Peroning, CEO of quantum computing company Alice&Bob, told Reuters that countries have realized the increasing importance of computing infrastructure for economic development, leading to a significant increase in investment in related fields.

The company will receive a new round of funding support from France and revealed on Friday that it has also received investment from Nvidia’s venture capital division to develop low error rate quantum computing hardware.

Alice&Bob specializes in cat state quantum bits, which have better anti-interference and fault tolerance than conventional quantum bits, and can solve a major core problem in the quantum computing industry.

The company completed a 100 million euro Series B financing last year and has received additional funding this time. Recently, it has also collaborated with Nvidia on multiple projects.

The company is also involved in the French Ministry of Defense led Prochman Quantum project, which aims to produce two domestically developed universal quantum computer prototypes by 2032 and achieve industrial applications.