TAIPEI (Taiwan News) — Taiwan will invest NT$8 billion (US$282 million) in the development of quantum technology in the coming five years with a view to becoming a tech hub that boasts more than semiconductor manufacturing prowess.
The initiative will focus on quantum devices, quantum computers, quantum algorithms, and quantum communication technologies, according to the Ministry of Science and Technology (MOST).
Taiwan will incorporate resources from the government, industry, and academia and build a new base at the Southern Campus of Academia Sinica, the national academy of Taiwan, in Tainan. Relevant infrastructure will be put in place between 2022 and 2024, including a laboratory building for quantum experiments, reported RTI.
The new technologies will be employed to develop applications for areas spanning cybersecurity, finance, national defense, and more. While the initiative may not soon yield results, it is imperative that Taiwan invest in quantum research before it can secure a place in the competitive world of advanced technologies, said Lin Minn-tsong (林敏聰), deputy minister of science and technology.