Our country's fourth-generation superconducting quantum computer is here! An overview of related concept stocks

Our country’s quantum computing has achieved new progress. According to CCTV News on May 9, it was learned from Anhui Province’s key laboratory for quantum computing chips that the “Ben Yuan Wukong-180” quantum computer—equipped with an autonomous superconducting quantum chip with a single-core 180 computing qubits—has gone live and has started receiving quantum computing tasks from around the world.

The fourth-generation autonomous superconducting quantum computer “Ben Yuan Wukong-180” is independently developed by China, with an end-to-end system that is independently controllable. The four key core systems it carries—namely, the quantum computing chip system, the quantum computing measurement and control system, the quantum computing environment support system, and the quantum computer operating system—are all independently developed in full-stack fashion by Ben Yuan Quantum.

As one of the frontier technologies, quantum science and technology are becoming a focus for countries worldwide, prompting many to formulate quantum technology strategies and invest large sums of money. The United States passed the “National Quantum Initiative Act” in 2018 to launch a federal quantum R&D program. In recent years, it has further strengthened the development of quantum networks and standards in the “Chips and Science Act,” and has classified quantum technologies as a national security priority through export controls and investment reviews. Europe has rolled out the “Quantum Flagship” program, with the European Union coordinating to advance quantum technology sovereignty.

China has incorporated quantum computing into major national science and technology initiatives, and has accelerated the industrialization and commercialization of research results through measures such as local industry funds and talent cultivation. In the previously published “14th Five-Year Plan (draft) recommendations,” quantum science and technology were included, clearly stating to “promote future industries such as quantum science and technology to become new economic growth drivers.” Multiple provinces and cities have also responded quickly, incorporating it into their local “14th Five-Year Plan” blueprints.

From the perspective of technical routes, superconducting quantum computing, ion traps, photonic quantum computing, neutral atoms, and silicon semiconductors are relatively mainstream. Representative companies in superconducting qubits include IBM, Google, Guodun Quantum, and Ben Yuan Quantum. Representative companies in ion traps include IonQ, Quantinuum, Qike Quantum, Huayi Quantum, Yaozheng Quantum, and Guoyi Quantum. Representative companies in photonic quantum computing include Xanadu, PsiQuantum, Turing Quantum, and Zhengze Quantum. Representative companies in neutral atoms include QuEra Computing, Atom Computing, Pasqal, and Zhongke Ku Yuan. Representative companies in silicon semiconductors include Intel, TSMC, and Quantum Motion.

With increased investment by countries worldwide and breakthroughs in quantum computer technology, the market generally expects the scale of the quantum computing industry to enter a period of rapid growth. Citing data from the Photonics Box Research Institute, Eastern Securities said that the global quantum computing industry is expected to reach around $220 billion by about 2030, and will rise to above $800 billion by 2035. Correspondingly, for the period from 2022 to 2030, the industry’s annual compound annual growth rate (CAGR) is expected to remain at around 83%, while from 2030 to 2035 the CAGR can still stay at a high level of about 50%.

Eastern Securities said that investors may look at upstream core equipment and components (such as Puyuan Jingdian, Western Superconducting, and Tengjing Technology); midstream complete-machine platforms (such as Guodun Quantum and KeDa Guochuang, which holds a stake in Ben Yuan Quantum); and downstream application security (such as Jida Zhengyuan, Sanwei Xin’an, and Geer Software).

(Source: Oriental Fortune Research Center)