Core Viewpoint - Quantum technology is emerging as a pivotal field in global competition, encompassing quantum computing, quantum communication, and quantum precision measurement, each holding transformative potential for industries and daily life [1][4]. Group 1: Competition between China and the U.S. - The U.S. and China are engaged in intense competition in quantum technology, focusing on research investment, talent acquisition, technological breakthroughs, and industrial layout to secure a leading position [3][19]. - China has made significant strides in quantum communication, exemplified by the launch of the world's first quantum science satellite "Mozi" in 2016 and the establishment of the first long-distance fiber-optic quantum secure communication backbone network, the "Beijing-Shanghai Line," spanning over 2000 kilometers [7][8]. - The U.S. has a long-standing foundation in quantum technology, having initiated a national strategy as early as 2002, and continues to invest heavily in quantum computing and measurement, with major companies like Google achieving "quantum supremacy" in 2019 [9][10]. Group 2: Technological Advancements - Quantum computing leverages unique quantum phenomena such as superposition and entanglement, enabling exponential speed-ups in problem-solving, particularly in drug development, where it can reduce years of research to mere months [5][8]. - The "Zuchongzhi" quantum computer, launched in December 2024, features 105 qubits, marking a significant performance leap compared to Google's 72-qubit processor, showcasing China's advancements in quantum computing [8]. - The U.S. has made notable progress in quantum error correction and has a robust ecosystem of companies like IBM and Microsoft investing in quantum technology [9][10]. Group 3: Industry Developments - The 2024 Quantum Technology and Industry Conference held in Hefei, China, highlighted significant advancements and collaborations in quantum communication, computing, and precision measurement, showcasing the industry's growth and innovation [12][14]. - Key players in the quantum technology supply chain include companies like GuoDun Quantum, which leads in quantum key distribution devices with over 70% market share, and HuaGong Technology, the only mass producer of quantum dot laser chips [15][16]. - The application of quantum technology spans various sectors, including finance, government, and telecommunications, providing enhanced security and performance in information transmission [17]. Group 4: Future Outlook - The future of quantum technology appears promising, with expectations for breakthroughs in computing and communication, potentially revolutionizing fields such as climate modeling and materials science [18]. - The competition between the U.S. and China in quantum technology will likely drive further investment and innovation, while also posing challenges such as trade restrictions and technological barriers [19]. - International collaboration is essential for advancing quantum technology, as it requires a collective effort to harness global research resources and expertise for the benefit of humanity [19].

Core Viewpoint - The report provides a comprehensive analysis of the current state and future prospects of the quantum computing industry in China, highlighting significant developments, key players, and market trends in both global and Chinese contexts [1]. Group 1: Overview of Quantum Computing Industry - Quantum computing is defined as a computational model utilizing the fundamental properties of quantum mechanics, which significantly differs from classical computing in terms of information storage, computational capability, entanglement characteristics, and computation methods [8][10]. - The technology framework of quantum computing consists of three main pillars: hardware, software, and algorithms, with cloud platforms serving as integration points for user services [11]. Group 2: Global Quantum Computing Development - The global quantum computing industry is entering a phase of technological breakthroughs, with significant milestones achieved by companies like Google, IBM, and D-Wave, as well as notable advancements from Chinese entities [17]. - The global quantum computing market is rapidly expanding, with the market size projected to grow from $0.7 billion in 2021 to $5 billion by 2024, accounting for 63% of the total quantum information industry [18]. Group 3: Market Size and Distribution - North America leads the global quantum computing market, followed closely by Europe and China, with projected market shares in 2024 of 29.8%, 28.8%, and 25.2% respectively [21]. - The North American quantum computing market is expected to reach $1.5 billion in 2024, with a growth rate of 6.4% compared to the previous year [27]. Group 4: Key Players in the Industry - Major companies involved in quantum computing include Tencent, Huawei, and China Electronics Technology Group, with significant advancements reported by domestic firms such as Origin Quantum and Huayi Quantum [1]. - The report highlights the progress of various quantum computing prototypes, such as Huayi Quantum's HYQ - A37 and HYQ - B100, which demonstrate outstanding performance in multiple metrics [1]. Group 5: Policy and Support - The U.S. has implemented numerous policies to support quantum computing development, including the National Quantum Initiative Act, which authorized funding increases for quantum research [24][25]. - Canada has also launched a National Quantum Strategy, focusing on investment and commercialization to enhance its competitive edge in quantum technology [26].