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KIST Begins Full Research Cooperation with Xanadu, a Global Leader in Optical Quantum Computing (January 10, 2023)
- Date : 2023-01-30
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KIST Begins Full Research Cooperation with Xanadu, a Global Leader in Optical Quantum Computing
At 4 PM on January 5th, the Korea Institute of Science and Technology (KIST; President: Seok-Jin Yoon) and leading Canadian quantum computing company Xanadu (CEO: Christian Weedbrook) signed a memorandum of understanding (MOU).
Xanadu is the world's third-largest global quantum computing hardware company after Google in the US and China’s USTC, with a corporate value of 1 billion USD (approximately 1.3 trillion won) as of 2022 and more than 160 experts conducting R&D. In addition to hardware, Xanadu has recently established a partnership with Volkswagen in Germany to develop next-generation batteries using quantum simulations, and is also a prominent player in quantum computing applications.
Through this MOU, the two organizations plan to promote joint research and human resource exchanges to develop optical-based quantum computing hardware and quantum computing algorithms and discover new applications for quantum computers.
For the signing ceremony, held at Xanadu’s Toronto headquarters, representatives and researchers from the two organizations held technical workshops on key cooperation areas, such as fault-tolerance quantum computing, quantum error correction, and quantum algorithms, and announced plans to establish a closer cooperative network by 2028.
Christian Weedbrook, CEO of Xanadu, stated, "Through this MOU with KIST, Korea’s leading research institute for quantum technology, we hope to lay the groundwork for exploring further opportunities for cooperation with various Korean companies and research institutes."
Seok-Jin Yoon, President of KIST, commented, "Through this agreement, KIST and Xanadu have established a cooperative relationship to challenge the US and China's hegemony on quantum technology. We expect it to be a turning point for Korea to achieve global results in quantum computing."
KIST launched the Korea-US Center for Quantum Error Correction together with the University of Chicago and the National Institute of Standards and Technology (NIST) in September of last year, and hosted the world-renowned international society Single Photon Workshop 2022 for the first time in Asia in October.