Korea Advanced Materials announced on the 27th that it has received the transfer of 'high-performance quantum computing emulation technology' from the Electronics and Telecommunications Research Institute (ETRI) and will begin full-scale commercialization.
Conventional quantum simulators had a limitation where the computation speed drastically decreased as the number of qubits increased. However, the newly transferred technology significantly improves performance by applying the 'reduced and full state vector representation method' and the 'Chameleon architecture,' which can simulate quantum operations up to 128 qubits in existing computer environments, optimizing qubit superposition states and reducing computational load.
An industry insider explained, “This technology is expected to reduce costs and time in the development and verification process of quantum algorithms,” adding, “It will provide an environment to research various quantum application technologies in advance before quantum hardware is fully commercialized.”
The main features of the technology include ▲a single interface for integrated operation of multiple engine cores ▲code parser functionality based on the OpenQASM language ▲restructuring of code classes for linkage with various backend platforms ▲quantum circuit optimization independent of the execution engine ▲analysis of qubit superposition and dynamic selection of execution engines ▲enhancement of engine performance through optimization of operational operators and maximization of system cache utilization.
The scope of the technology transfer includes core technical materials, six domestic and international patents (two domestic, four overseas), and two related software products. Notably, the two software products are recognized as immediately usable commercial technologies.
The quantum computing market is led by global IT companies such as Google, IBM, and MS, and related technology development is actively underway in Korea as well. Through this technology transfer, Korea Advanced Materials has secured an opportunity to take a leading role among domestic companies in the commercialization of quantum technology.
A representative from Korea Advanced Materials stated, “With this technology transfer, Korea Advanced Materials has secured the first commercially viable quantum emulation solution in Korea,” adding, “It will be an opportunity for domestic companies to gain competitiveness in the quantum computing market led by global IT companies and to expand cooperation with government and corporate research institutes and universities.”
According to Fortune Business Insights, a global market research firm, the quantum computing market size is expected to grow from 1.7 trillion KRW in 2024 to 18.5 trillion KRW by 2032, showing an average annual growth rate of 34.8%.
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