Key Takeaways from QC Buyer/Users Study: Most QC Users Foresee Strong QC Budget Growth for 2020-2024

National governments around the world are moving to enact new quantum computing research activities or expand the scope and ambitions of existing programs, driven by a range of both national security and industrial competitiveness imperatives. The bulk of current and planned programs center on funding basic and advanced research in quantum technologies, primarily at national laboratories or related academic facilities.

Although China represents more than one-third of the global market for semiconductors, the country relies heavily on foreign sources, especially U.S. chipmakers and foundries headquartered in other Asian countries, for a majority of devices critical to Chinese-made products ranging from smartphones to industrial machinery and supercomputers. For the past few decades, China sought to develop an indigenous capability in an effort to reduce its dependence on the foreign supply of components. Its most recent major effort, the “Made-in-China” semiconductor initiative launched in 2015, targeted supplying 40% of China's semiconductor demand with homegrown products by 2020 and 70% by 2025.