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SPIE Quantum West

Predicting “Quantum” Business Based on the Photonics Past

Milton Chang

Published Mar 4, 2021• 0 citations
Publisher

Abstract

This talk will discuss how the Quantum “industry” might develop based on fifty-some years of laser industry history. Doing so is not easy given we have to parse through truth and over-exuberant truth on quantum computing. Initial growth of the laser industry came from the development of new lasers and instruments to enable RD. Growth accelerated as real applications were adopted. Funding for quantum technology development will come from governments and big-tech. There will be ample startup companies to supply tools but only a few will succeed. The likelihood is there will be more mergers and tech transfer.

DOI
10.1117/12.2593564

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This talk will discuss how the Quantum “industry” might develop based on fifty-some years of laser industry history. Doing so is not easy given we have to parse through truth and over-exuberant truth on quantum computing. Initial growth of the laser industry came from the development of new lasers and instruments to enable RD. Growth accelerated as real applications were adopted. Funding for quantum technology development will come from governments and big-tech. There will be ample startup companies to supply tools but only a few will succeed. The likelihood is there will be more mergers and tech transfer.
Quantum computing has been a long-anticipated emerging computational paradigm to complement and compete with conventional CMOS technologies. The last decade has featured reports of the initial development of using CMOS processing techniques for qubits and the atomistic fabrication of single atom transistors. Will the semiconductor industry embrace this new architype, and if so, how? When quantum devices begin to scale as predicted, will our industry be ready to integrate radically different architectures and device structures? Are there known obstacles not yet addressed that would enable the industry to more readily adopt and benefit from today’s achievements in the laboratory? What are the emerging designs and the potential fundamental challenges that are to be overcome? We have assembled a panel of experts that will share their insights on the state-of-the-art in quantum computing as well as intellectual leaders that will share their vision of the eventual merger of these new technologies with our computing capabilities today, even as lithography is approaching the near-atomic domain. Join us as we discuss the impending critical impact of quantum computing on the semiconductor industry.
Australia has world-class research in quantum technology, and has been a significant presence since the earliest days of the field. There has been sustained and substantial support from all levels of government, and an industrial base that has grown from a single quantum-technology company to a spectrum of businesses covering both software and hardware. Here, we discuss the Australian approach to quantum technology, briefly outlining the research and funding, discussing the current environment, and looking forward to the future.
Matt Langione, a Principal at the Boston Consulting Group, authored one of the most frequently cited publications on the topic of quantum computing’s value to business and society, “Where Will Quantum Computers Create Value –and When?”, which forms the basis for a TED talk that will be released in 2021. As part of BCG’s “deep tech” initiative, he advises Fortune 500 companies on building quantum computing into their digital transformation roadmaps and is writing a series of articles on the topic by industry (“Will Quantum Computing Transform BioPharma RD?” and “It’s Time for Financial Institutions to Place Their Quantum Bets” are the first installments). He has addressed audiences at all the major conferences in the field (Q2B, IBM Q Summit, AI World, IEEE). He is a member of the U.S. Government’s Quantum Economic Development Consortium (QED-C). Beyond quantum computing, Matt publishes regularly on AI, startups and other topics at the nexus of science, business and policy.