Core Insights - The Chinese quantum chip industry is experiencing rapid growth due to national emphasis and strategic planning, with a projected market size of approximately 596 million yuan in 2024, representing a year-on-year increase of 39.25% [1][8]. Industry Overview - Quantum chips are integrated circuits designed based on quantum mechanics principles, utilizing qubits for computation, which allows for parallel processing and exhibits exponential acceleration potential in fields like cryptography and materials simulation [2][4]. Industry Development History - The quantum chip industry in China has evolved through three stages: exploration (1985-2012), technological breakthroughs (2013-2019), and large-scale application (2020-present). Key milestones include the establishment of the first quantum computing research group in 2003 and the launch of China's first superconducting quantum computer in 2020 [4][5]. Industry Chain - The upstream of the quantum chip industry includes materials like superconductors and ion trap materials, while the midstream focuses on research and production of quantum chips. The downstream applications are primarily in quantum computing, communication, and simulation [6][7]. Market Size - The rapid development of the quantum chip industry is supported by significant advancements in quantum computing technology, with the global quantum computing market expected to reach $5.4 billion in 2024, growing by 14.89% [8]. Key Companies - Major players in the industry include Benyuan Quantum and Guoshield Quantum. Benyuan Quantum leads in superconducting quantum computing and has achieved mass production of quantum chips, while Guoshield Quantum excels in quantum communication and is expanding into quantum computing [10][11]. Industry Development Trends 1. **Technological Integration**: The future of the quantum chip industry will see diverse technological routes, including atomic and ion trap methods, and silicon-based semiconductor quantum dots, fostering innovation and development [12]. 2. **Practical Applications**: Quantum chips will increasingly address real-world problems, with successful implementations in finance and logistics, enhancing efficiency and reducing costs [13]. 3. **Domestic Supply Chain Enhancement**: The industry is expected to see increased domestic production of materials and equipment, with significant advancements in manufacturing processes and capabilities [14].