According to The Nikkei Asia, Toyota Motor, Toshiba, NEC and other big-name Japanese companies will partner with the government on a quantum research group forming as soon as this month to promote the development of a technology with major security implications.
About 50 businesses are expected to join the public-private organization, including Fujitsu and Hitachi. The group plans to create a corporate entity for the initiative next year, and a fund for investment in the field has been proposed as well.
Prime Minister Yoshihide Suga discussed quantum computing with U.S. President Joe Biden during their summit last month. "Quantum information sciences" was cited in their joint statement after the meeting as an area of cooperation to "enhance our countries' competitiveness."
Quantum computing, used for high-speed calculations and data processing, can enable dramatic increases in processing power. The technology is expected to play a major role in national security, through areas such as encryption, as well as intelligence gathering and analysis.
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