Hefei won the settlement of the giant again, and China Telecom invested 3 billion to establish China Telecom Quantum Information Technology Group.

Thanks to CTOnews.com netizen Xiao Zhan for the clue delivery! CTOnews.com, May 31, China Telecom announced that China Telecom Quantum Information Technology Group was unveiled in Hefei, Anhui Province on May 29.

▲ Picture Source China Telecom official CTONews.com inquired and learned that the group was established by China Telecom with a total investment of 3 billion and will integrate resources in the field of quantum information of China Telecom.

China Telecom said that China Telecom Quantum Information Technology Group will actively promote the expansion of the quantum industry and the research and development of cutting-edge technologies of quantum science and technology, increase the iterative speed of updating quantum products, and realize the national scale promotion of the quantum industry. synchronously complete the effective coverage of the upper, middle and lower reaches of the industrial chain, and establish a complete quantum industrial ecology.

In addition, the group also announced the establishment of a quantum information technology research institute to actively participate in the construction of quantum-related scientific devices and promote the development of quantum computing industry; give full play to China Telecom's superior resources of marketing, customer service and cloud network integration across the country, and strive to become a global leading quantum technology industry group.

According to a report by market research firm IDC, global governments and companies are expected to invest about $16.4 billion (currently about 116.112 billion yuan) in quantum technology development by the end of 2027.