Korea Standard Research Institute Launches Quantum Computing Materials and Components Industry Promotion Council

Quantum Computing SoBuJang Scale-up Valley Consortium Launches and Signs MOU

The Korea Research Institute of Standards and Science (KRISS, President Ho-Sung Lee) announced on the 3rd that it has launched the "Quantum Computing Materials, Parts, and Equipment (MPE) Scale-up Valley Council" at its headquarters in Daejeon to foster the quantum computing MPE industry and signed a memorandum of understanding.

On the 3rd, participants are taking a commemorative photo after the business agreement ceremony of the 'Quantum Computing Materials, Parts, and Equipment Scale-up Valley Council' held at the Korea Research Institute of Standards and Science. Photo by Korea Research Institute of Standards and Science

A total of 28 companies and institutions participated in the agreement. Infrastructure support will be provided by Daejeon Metropolitan City, R&D and testing services support by KRISS, development and commercialization by manufacturing companies such as MKS and Withwave, mutual cooperation including market participation by demand companies such as LG Electronics, Pascal, and Quandella, and domestic and international commercialization and investment by Korea Science and Technology Holdings and Bluepoint Partners.

This agreement was promoted based on the judgment that since about 95% of quantum computing components are imported, and the components themselves are classified as strategic materials making imports increasingly difficult, it is necessary to develop independent MPE technologies and secure supply chains to preoccupy the quantum computing market. The goal is to create an innovative cluster for fostering the MPE industry, establishing a virtuous cycle ecosystem that cooperates from corporate investment to basic research, development, and commercialization.

KRISS, the lead organization of the council, plans to transfer core technologies to MPE companies based on its top-level quantum research personnel and accumulated technological capabilities in Korea, as well as serve as a demonstration testbed for stable commercialization.

KRISS has successfully demonstrated quantum computing with 20-qubit level performance developed with its own technology and is conducting research aiming to implement 50-qubit level quantum computing by 2026.

Ho-Sung Lee, President of KRISS, said, "To gain competitiveness in the quantum supremacy race, securing 'quantum engineering' technology is essential," adding, "We expect this council to create synergy by integrating excellent research capabilities from industry, academia, and research institutes, and to generate new growth engines for the quantum industry."