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Intel Invests US$50 Million to Advance Quantum Computing |

Intel Corporation announced a 10-year collaborative relationship with the Delft University of Technology and TNO, the Dutch Organisation for Applied Research, to accelerate advancements in quantum computing. To achieve this goal, Intel will invest US$50 million and will provide significant engineering resources both on-site and at Intel, as well as technical support. Quantum computing holds the promise of solving complex problems that are practically insurmountable today, including intricate simulations such as large-scale financial analysis and more effective drug development. Quantum computing is an area of research that Intel has been exploring because it has the potential to augment the capabilities of tomorrow’s high performance computers. “A fully functioning quantum computer is at least a dozen years away, but the practical and theoretical research efforts we’re announcing today mark an important milestone in the journey to bring it closer to reality,” said Mike Mayberry,