Australia’s Telstra is planning to invest A$10 million ($7.2 million) over the next five years to help promote the development of silicon quantum computing technology in Australia.
The operator has announced a partnership with the government-led Centre for Quantum Computation and Communications Technology (CQC2T).
Together with the government’s A$26 million investment, Telstra’s investment aims to help fund the development of a silicon quantum integrated circuit, the first step in developing the world’s first silicon-based quantum computer.
“Telstra is committed to technological innovation, through partnerships and through our own developments,” Telstra CEO Andrew Penn said.
“The potential of quantum computing is significant for countries across the globe, and we are excited to be part of this important initiative to build the world’s first silicon-based quantum computer in Sydney.”
Penn said Telstra will also contribute resources from its data scientist team, including the skills and knowledge of Telstra’s Chief Scientist, Dr. Hugh Bradlow.
Telstra’s commitment is subject to finalization of commercial terms, including the equivalent interest to Commonwealth Bank of Australia in this new entity.