S’pore adds another $300m in investment to develop quantum computers, talent pool

SINGAPORE – Singapore’s quest to establish itself as a quantum powerhouse has received a nearly $300 million investment top-up over the next five years as a global race to deploy next-generation computers heats up.

The investment and plans for the quantum sector were announced on May 30 by Deputy Prime Minister Heng Swee Keat who spoke at the Asia Tech x Summit held at Capella Singapore. The conference from May 29 to 31 gathers global tech industry players for talks and discussions on digitalisation. “However, there are still many challenges to realising the quantum computer,” Mr Heng said, adding that developers are working out how best to cool the systems and improve the accuracy of the computers’ results.

The office will lead the national efforts, overseeing the quantum computing ecosystem from business ventures to academia. Different global platforms explore various methods to build quantum processors, each utilising different physical properties to generate quantum calculations. The National Quantum Office will also issue grant calls to researchers to work with the industry on ways to overcome key technical hurdles on nascent platforms.

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