通信行业：谷歌实现量子芯片突破，量子科技迎新机遇

Investment Rating - The report maintains a "Neutral" rating for the communication industry, indicating an expected performance relative to the benchmark index (CSI 300) within a range of -5% to 10% [5]. Core Insights - The recent breakthrough of Google's quantum computing chip "Willow" significantly enhances the reliability of quantum computers by reducing error rates while increasing the number of quantum bits [2]. - China's quantum technology sector is advancing, with the launch of the "Tianyan-504" superconducting quantum computer, which boasts 504 bits, marking a record in domestic quantum computing capabilities [3]. - The advancements in quantum computing are expected to accelerate applications in various fields, including artificial intelligence, drug development, and new energy sources, indicating a strong future demand in the market [3]. Summary by Sections Quantum Chip Breakthrough - Google's "Willow" chip has achieved a major milestone in quantum computing by arranging 105 quantum bits in a square grid, leading to a significant decrease in error rates and demonstrating performance that outpaces traditional supercomputers [2]. Domestic Developments in Quantum Computing - The "Tianyan-504" quantum computer, developed by China Telecom Quantum Group and GuoDun Quantum, features the highest number of superconducting quantum bits in the country, enhancing China's position in quantum computing manufacturing and delivery capabilities [3]. Investment Recommendations - The report suggests focusing on leading companies in quantum computing and quantum communication, as well as the entire quantum technology supply chain, including chip manufacturing, system integration, software development, and application development [4]. - Specific companies to watch include China Telecom Holdings, GuoDun Quantum (688027), Zhongtian Technology (600522), and Guangxun Technology (002281) [4].